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

To: Mohan Marette who wrote (1209)	3/16/2000 3:57:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

VSNL plans to acquire 30% stake in indiainfo.Com TELECOM giant Videsh Sanchar Nigam (VSNL) today announced a MoU for an all-stock deal with web content company indiainfo.com . VSNL plans to take a 30 per cent stake in indiainfo.com to promote a co-branded portal ( vsnl-indiainfo.com ) and make indiainfo the default home page for 350,000 VSNL susbscribers. Both VSNL and indiainfo officials refused to comment on the size of the deal, or on the criteria for selection. Analysts valued VSNL's 30 per cent stake at over Rs 200 crore. This figure has been arrived at after extrapolating from the $11.5m (Rs 50 crore) that Morgan Stanley Dean Witter paid last month for a 7 per cent stake in indiainfo.com .