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

To: Mohan Marette who wrote (466)	1/4/2000 10:11:00 PM
From: Mohan Marette	Respond to of 1471

WorldTel to Invest $1 billion in Net Kiosks in India By Uday Lal Pai India Correspondent, asia.internet.com [January 4, 2000--MUMBAI] UK-based consortium WorldTel ( world-tel.com )plans to sign joint ventures with seven state governments in India to invest US$1 billion to set up and run Internet kiosks. WorldTel has partnered with the Reliance Group to form the joint venture. The JV will execute its proposed fiber optic backbone and Internet Protocol (IP) networks in seven Indian states: Andhra Pradesh, Gujarat, Kerala, Tamil Nadu, Maharashtra, West Bengal and Delhi. The states will individually contribute 26 per cent of total investments while WorldTel-Reliance handles the remainder. Deploying a statewide Internet kiosk network means laying down 700-800 route-kilometers of fiber-optic cable in every state. The first project for the WorldTel/Reliance JV is slated for the state of Tamil Nadu. "These projects would create high capacity and high bandwidth for meeting future Internet demand in the country," said Sam Pitroda, chairman and CEO of WorldTel. "The project will have the entire state networked among hospitals, banks, institutions, government and private business houses with an Internet compatible fiber optic backbone," said Pitroda. The kiosk network will act as an interface between people and the government. Once the kiosks are up and running, the JV is expected to launch a number of other high-revenue generating services. WorldTel has started negotiations with several hardware and equipment vendors and has reached agreements with Himachal Futuristic Communication Limited (HFCL) among others, said sources. WorldTel is an independent, privately funded commercial corporation, initiated by the International Telecommunications Union (ITU) to organize large telecommunications infrastructure projects in developing countries.

To: Mohan Marette who wrote (466)	1/5/2000 9:14:00 AM
From: Mohan Marette	Respond to of 1471

RESEARCH ALERT-Satyam Infoway rated BUY Wednesday January 5, 6:55 am Eastern Time BOMBAY, Jan 5 (Reuters) - Indosuez W.I. Carr Securities said it has initiated coverage of Indian internet firm Satyam Infoway Ltd (SOL), listed on the U.S. Nasdaq (NasdaqNM:SIFY - news) with a ``buy' recommendation. In a research note dated December 30, 1999 and made available to Reuters on Wednesday, analyst Jignesh Bhate at the broking firm said, the company will do in India what companies like Yahoo (NasdaqNM:YHOO - news) and America Online (NYSE:AOL - news) did in the United States. Indoseuz W.I. Carr kept its 'buy' rating on the company despite almost 40 percent jump in the stock price since it issued its report. ``We still maintain our buy rating on the stock,' Bhate told Reuters. The company's American Depositary Receipt jumped $22 on Tuesday and closed at a record high $222 despite sharp losses in the broader market. The Nasdaq composite index (^IXIC - news) dropped 5.56 percent, or 229.95 points to 3,901.20 on Tuesday. ``It has all the right ingredients to make it to the top - a strong management with proven execution capability, a head start in this business and resources to drive inorganic growth,' the report said. ``By having a presence in all three aspects of the Internet business -- Access, Content and Commerce -- SOL provides an opportunity to investors to lower their investment risk,' it added. biz.yahoo.com