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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)
SIFY 11.46-1.5%Nov 3 3:59 PM EST

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To: Mohan Marette who wrote ()3/29/2000 8:17:00 AM
From: Prashant Buyyala   of 1471
 
Satyam Infoway Ties-up With Indian Affiliate of Carlson Wagonlit to Offer Online Travel Services

biz.yahoo.com

CHENNAI, India--(BUSINESS WIRE)--March 29, 2000--Satyam Infoway (Nasdaq:SIFY - news), India's premier Internet & E-Commerce company ties-up with AFL Indtravels, the Indian affiliate of Carlson Wagonlit, Inc. -- one of the largest travel services companies with turnover exceeding $13 billion.

This tie-up will offer online air travel, hotel and car hire services on Satyam Infoway's portal, www.satyamonline.com and will be the largest virtual travel service in India.

As a result of this tie-up, satyamonline.com's new travel channel will seamlessly offer comprehensive travel and lodging services to its browsers. The new travel channel will offer the following primary services:

Air bookings using the flight search facility of Amadeus GDS (Global Distribution Service) wherein the browser can obtain flight and seat availability from any city/airport to any city/airport. The user may also book tickets online.
Hotel bookings at over 300 hotels in 80 cities and towns.
Car hire service for travellers in all major cities.
R. Ramaraj, CEO and MD, Satyam Infoway, stated ``Quality and reliable travel services are strongly felt needs today in our country and the Internet is a great medium to fulfill these need. In western countries where the Internet has reached a maturity stage, travel-related services are a huge component of the services consumed by browsers. AFL Indtravels, part of Carlson Wagonlit, one of the world's largest travel services companies is best suited to partner with us, to offer these services. We have been consistently adding to our portal features and services that are of daily relevance to people's lives. Travel is the next addition to the list.'

The new travel channel will also permit various leading tour operators showcase their services. With its strong accent both on India-centric browsers as well as non-resident Indians (NRIs), this new travel channel will, provide consumers with convenience and be a key promoter and enabler of Indian tourism from both the domestic market as well as from foreigners and NRIs.
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