Zicom Business Restructuring ventures into new business

Zicom
Electronic Security Systems Limited (Zicom),has announced strategic restructuring in its business model post the Zicom Schneider deal. Zicom's new business model is targeted towards moving into high growth telecom infrastructure security having recurring service revenue. Zicom will also refresh its focus on the home & SME electronic security markets.Zicom will set up a subsidiary to venture into the business of providing managed security services to telecom operators / telecom infrastructure providers for their Base Tower Stations (BTS) which are remotely located and other assets.

These services will help users to improve operational efficiency and reduce losses on account of theft. In the first three years of its operations, the Company will target 20,000 BTS out of more than 3,00,000 telecom towers in India and will incur capex of Rs. 150 crores.