SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?


To: Mohan Marette who wrote (4887)7/2/1999 7:56:00 AM
From: Mohan Marette  Respond to of 12475
 
India's MTNL to Spin Off Internet and Cellular Phone Businesses

Bloomberg News
July 1, 1999, 9:51 p.m. PT

Mumbai, July 2 (Bloomberg) -- Mahanagar Telephone Nigam Ltd., or MTNL, India's biggest phone service company, plans to spin off its Internet service and cellular phone businesses into a separate company, the Business Standard daily reported, citing MTNL Managing Director, S. Rajagopalan. The company would be called Prime Telecom and based in Mumbai. The phone company is awaiting approval from the Telecom commission, the paper said.

MTNL, which provides fixed-line phone services in two of India's biggest cities of Mumbai and Delhi, unveiled Internet services earlier in the year.



To: Mohan Marette who wrote (4887)7/2/1999 8:06:00 AM
From: Mohan Marette  Read Replies (2) | Respond to of 12475
 
Analyst Recommendations

TELCO Maintained Long-Term 'Buy' at ICICI Securities
telcoindia.com
telcoindia.com

Bloomberg News
July 2, 1999, 12:34 a.m. PT
Mumbai, July 2 (Bloomberg Data) -- Tata Engineering & Locomot (TELCO IN)was maintained long-term ''buy'' by analyst Manishi Raychaudhuri at ICICI Securities & Finance Company Ltd..
====================
CRISIL Reiterated 'Buy' at ASK-Raymond James
crisil.com

Bloomberg News
July 1, 1999, 11:01 p.m. PT
Mumbai, July 2 (Bloomberg Data) -- Credit Rating Info Service (CRISIL IN) was reiterated ''buy'' by analyst Deepti Chaturvedi at ASK-Raymond James Financial Services India.
========================