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

SIFY 14.27

-3.3%

Jan 16 9:30 AM EST

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To: Mohan Marette who wrote (462)	1/5/2000 10:44:00 AM
From: Mohan Marette	Read Replies (1) of 1471

India to Have 4 Private International Gateways Soon By Uday Lal Pai India Correspondent, asia.internet.com [January 5, 2000--MUMBAI] The government of India seems to understand that the growth of Internet services and e-commerce is restricted by the monopoly of international gateways by Videsh Sanchar Nigam Ltd. (VSNL). Four applications for private international gateways were cleared in the first round. Sources at the Telecom Commission revealed that Satyam Infoway Ltd., Zee Group, Bharti BT Internet and Jain TV are among the first ISPs in India to set up international gateways. The vetting of applications has been speeded up after a top-level directive last month that the fate of applications should be decided in a month's time. ISPs have been allowed to bypass VSNL gateways for overseas data services, which do not carry voice telephony. Market analysts expressed hope that the first private gateway for ISPs will be operational by April. Satyam Infoway (Nasdaq: SIFY) is the largest private ISP in the country followed by Bharti BT Internet, a 51:49 joint venture ISP by Bharti Enterprises and British Telecom PLC. Bharti BT Internet is currently evaluating a Nasdaq listing. The Zee Group is slated to invest nearly $100 million to develop its new ISP and portal business: ZeeNext.com. Details of Jain TV's plans are not known. Private ISPs currently rely on Department of Telecom (DoT) services and MTNL (Mahanagar Telephone Nigam Ltd.) for customer dial-up lines, and on VSNL for access to the international backbone. The new gateways will facilitate faster growth in e-commerce in India. According to sources, more names are likely to be approved later this week. The DoT services' licensing and regulation group -- the nodal agency for providing single window clearance to the proposals for obtaining bandwidths from foreign satellites -- has so far received about 25 applications.

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