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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 12.21

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10:26 AM EST

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To: Mohan Marette who wrote (383)	12/15/1999 10:10:00 AM
From: Mohan Marette	Read Replies (2) of 1471

From Bloomberg on Sify/ICICI JV Both the companies said they will benefit from the arrangement. Both ICICI Ltd. and ICICI Bank will be able to target the 30 million people who visit Satyam's portal each month, Satyam Infoway will provide banking facilities to the web portal users, senior executives of the two companies said. ``Any investment in technology will take a long time to give returns. But ICICI Bank has positioned itself in the right place The real pay off will come only when e-commerce is permitted,' said Anand Vasudevan, an analyst at S G Securities in Mumbai. Satyam Infoway will also set up 100 cybercafes across the country by March 2000, which should further help boost the number of Internet users in the country. Each cybercafe will have 10 computers, said Ramraj. These cybercafes will be franchised and are estimated to cost 1.5 million rupees each. quote.bloomberg.com

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