Spanco Tele foraying into IT services for leisure ind: Srcs

Published on Mon, Sep 24, 2007 at 12:48 |  Source : Moneycontrol.com

Updated at Mon, Sep 24, 2007 at 13:23  

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Spanco Tele foraying into IT services for leisure ind: Srcs

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Spanco Telesystems is foraying into IT services for entertainment and leisure industry, sources said. The new foray will cost the company Rs 100 crore over the next five years.

 

The company is expecting Rs 600-700 crore over the next 5-7 years from the new foray. It may also acquire companies in southeast and central Asia for the new foray.

 

When contacted, Spanco Telesystems' management declined to comment on speculative reports.

 

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