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

To: IceCube who wrote (351)	12/9/1999 10:32:00 PM
From: Mohan Marette	Respond to of 1471

Reuters picks up AOL/SIFY news Thursday December 9, 10:24 pm Eastern Time AOL in talks for Satyam Infoway stake-paper NEW DELHI, Dec 10 (Reuters) - America Online Inc (NYSE:AOL - news) has been holding talks to acquire a substantial stake in Indian Internet service provider Satyam Infoway Ltd (NasdaqNM:SIFY - news), the Hindustan Times newspaper reported on Friday. The newspaper said detailed discussions on what it called the ``proposed acquisition' had taken place between the top brass of the two companies. The paper quoted market sources as saying that America Online would acquire a 30-35 percent stake in Satyam Infoway. But B. Ramalinga Raju, Chairman of Satyam Computer Services Ltd , the parent company of Satyam Infoway was quoted as saying he would not comment on the issue. ``It would be improper to comment on a business plan,' he was quoted as saying, adding that the company was looking at various opportunities to raise funds and ``such discussions are part of that exercise.' The option being explored include fresh issue of shares either in the domestic market or in the overseas market, Hindustan Times quoted Raju as saying. The company may also consider raising the funds from venture capitalists, it added. The newspaper also quoted Raju as saying the company's subscriber base was growing very fast and had crossed the 100,000 mark. biz.yahoo.com

To: IceCube who wrote (351)	12/10/1999 8:49:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 1471

India's Satyam, Citibank in payment gateway tie-up Friday December 10, 8:27 am Eastern Time BOMBAY, Dec 10 (Reuters) -- India's Satyam Infoway Ltd (NasdaqNM:SIFY - news) said on Friday it had tied up with Citibank (NYSE:C - news) to build a secure payment gateway for business to consumer transactions. A Satyam statement said it will use software maker Open Market Inc's (NasdaqNM:OMKT - news) solutions to build the gateway. Satyam Infoway will start work on building the gateway later this month, the statement said. Satyam Infoway is India's largest private Internet provider. It is listed on the U.S. Nasdaq, and is a subsidiary of India's Satyam Computer Services Ltd biz.yahoo.com