Spice Mobility To Switch To being a Mobile Internet Company

Spice Mobility To Switch To being a Mobile Internet CompanySpice Mobility, today announced the switch to being a technology company focused on the Mobile Internet space.

The Switch will leverage Spice groups businesses across sectors and geographies to catapult the historically neglected i2i economies in to emerging digital economies with Mobile Internet.

The company also unveiled the strategic roadmap to complete the first phase of the switch by Sep 2011 where in Rs 1000 crore investments planned for FY 2011 to develop Seven cluster distribution model to dominate Indian Mobile Retail and Global Knowledge Center set-up at Noida.

India’s move to 830 million mobile phones subscribers far out-stripping the PC industry is a harbinger of the paradigm shift in the developing nations of the world. Sectors ranging from finance, education, entertainment and healthcare will evolve in to mobile internet businesses. For the last two years Spice Mobility has been putting together the building blocks to leverage this paradigm shift.

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May 3, 2011 2:46 pm 2:46 PM

The roadmap for the switch to being a mobile Internet company includes having a global supply chain for sourcing efficiencies and R&D support. The company is close to buying Indonesia-based Nexian for which the company has already raised $200 million.

May 2, 2011 7:23 pm 7:23 PM

ideacellular will be overtake it