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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (340)	12/9/1999 4:16:00 PM
From: Shivram Hala	Read Replies (1) \| Respond to of 1471

> Market sources said that Satyam Infoway had already > reached an understanding with America On Line even before > the acquisition of IndiaWorld. The market grapevine has it > that America On Line will acquire a stake which would be > between 30 to 35 per cent in Satyam Infoway. That wouldn't be possible unless the Govt. relaxed its ri=ules. SIFY needs to maintain a 51% ownership. If at all there's a deal it may have to do with IndiaWorld. SIFY can sell that 30-35% stake in IndiaWorld to AOL. Or maybe its a 30-35% of Satyam Computers.

To: Mohan Marette who wrote (340)	12/11/1999 12:03:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

AOL Rumored to Have Sights on Satyam -Reports Internet.com December 10, 1999 By Maura Ginty International Editor International News Archives [Darien, CT] Rumors are swirling around a possible AOL equity investment in Indian ISP Satyam Infoway. According to a report in New Delhi newspaper The Hindustan Times, the American Internet player is preparing to take a substantial stakehold in Satyam and company executives currently holding exclusive talks. Public comments have not been made from either side of the table. The company is looking to raise funds, the report said, and is exploring methods to meet its goals. The Hindustan Times also named AOL (AOL) as a rival bidder for Indiaworld.com, which was purchased by Satyam for Rs. 4.9 billion (US$115 million) on November 29. The AOL stake may be as high as 30 to 35 percent, the report said. Satyam Friday also formed a partnership with Citibank to develop a payment gateway using Open Market Inc. software, according to a Reuters report. Saytam will begin work on the gateway next month. Satyam last month became the first Indian ISP to list on the Nasdaq, and has set its sights on acquisitions and the development of an international gateway as its primary post-IPO goals. internetnews.com