Satyam Infoway Changes Name to Sify Limited

Hyderabad, January , 2003:Satyam Infoway Limited (Nasdaq : SIFY), India’s premier Internet, networking and eCommerce services company, announced that it has completed the change of its name to Sify Limited. The name change was approved by the company’s stockholders at the extraordinary general meeting held on December 9, 2002. The symbol for the company’s American Depository Shares traded on the Nasdaq National Market will remain "SIFY."

About Sify:
Satyam Infoway Ltd. is the largest network and e-Commerce services
company in India, offering end-to-end solutions with a comprehensive range of products delivered over a common Internet backbone infrastructure. This Internet backbone reaches 53 points of presence in India, representing an estimated 90% of the established PC base in the country. A significant part of the company’s revenue is derived from Corporate Services, which include corporate connectivity, network and communications solutions, security, network management services and hosting. As of September 30, 2002, a host of blue chip customers used Sify’s corporate service offering. Sify’s Consumer Internet Access business had, as of September 30, 2002, approximately 600,000 retail subscribers. The company’s network services, data center operations and customer relationship management are accredited ISO 9001:2000.

Reachout's News Bureau
-January'2003
 

More News