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

To: Mohan Marette who wrote (1139)	3/13/2000 9:54:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

OT Mahindra-British In INCA Software Deal With Brit Telecom mahindrabt.com Monday, March 13 9:40 PM SGT BOMBAY (Dow Jones)--Mahindra-British Telecom Ltd. signed a memorandum of understanding with British Telecommunications PLC (BTY) to provide its new product INCA, an interconnect billing solution, to telecommunications operators in the Asia-Pacific region and North America. Mahindra-British will market and provide product engineering and implementation services, the company said in a statement. Mahindra-British is a joint venture between Mahindra & Mahindra Ltd. (P.MAM) and British Telecom formed in 1998. "The inclusion of a leading interconnect billing solution like INCA will further strengthen Mahindra-British's presence and position as a preferred supplier of telecom software solutions," Kiran Deshpande, managing director of the company said in a statement. Deshpande said that Mahindra-British Telecom, an approved supplier of software solutions for British Telecom, currently has 2,200 software engineers. In 2000 the company's revenue is expected to rise to $60 million, from $44.24 million last year. Deshpande said the new product INCA will bring in roughly GBP1 million in revenues over the next 18 months. On the Bombay Stock Exchange, shares of Mahindra & Mahindra closed up INR27.50, or 8%, at INR371.75.