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

SIFY 15.69

+7.2%

3:11 PM EST

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To: Mohan Marette who wrote (428)	12/22/1999 7:20:00 AM
From: Mohan Marette	Read Replies (1) of 1471

After e-banking its travel services for Sify Satyam Infoway (Sify) is reportedly close to striking a deal with a leading travel service company to offer business-to-consumer (B2C) travel services. Sify would provide the e-infrastructure with its partner offering nationwide travel related expertise. At the infrastructural level the company is building a 192 mbps across eight international gateways. Besides it is also awaiting final security clearances from the government to set up its international gateways. The travel services deal is likely to be structured as a joint venture on the lines of the recently struck joint venture with ICICI for e?banking. While the Indiaworld deal has given Sify the content footprint, now the company is looking at building a bouquet of B2C offerings through joint ventures, strategic alliances and partnerships. In the past too the company has tied up with Apollo Hospitals in healthcare and with Penguin India in publishing. December 22, 1999 (Probity)

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