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Strategies & Market Trends : India Coffee House

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To: douglas w. stephenson who wrote (9960)	12/8/1999 5:31:00 PM
From: Mohan Marette	Read Replies (2) of 12475

Intel to pick up minority stake in Bharti-Telesoft Here is an article that talks about Intel's investments in India. =================== Our New Delhi Bureau 24 NOVEMBER THE Mittals of Bharti group have roped in Intel to take a stake in their software venture, Bharti-Telesoft. The world's largest processor company has therefore decided to pick a minority stake in the software start-up venture under the flagship Bharti-Enterprise. This is the second venture in the Bharti group where Intel has taken equity, with the first being Bharti-Telespatiale, the group's Internet and VSAT venture. Intel had taken a 20 per cent equity in Bharti-Telespatiale, a subsidiary of Bharti Telecom that owns a majority 51 per cent equity stake each in Bharti-BT Internet Ltd - the Internet venture, and Bharti-VSAT Ltd - the VSAT venture. So far, Intel has funded infrastructure expansion for four Indian companies other than Bharti Telespatiale - Avigna Technologies, ESS Software, Rediff, and Network Solutions, but has so far not taken equity in these companies, according to Intel officials. economictimes.com

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