Satyam Infoway Launches CableWeb in Jamshedpur With Catvision.Business Editors/High-Tech Writers JAMSHEDPUR, India--(BUSINESS WIRE)--March 28, 2000 Satyam Infoway (Nasdaq:SIFY), India's premier Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and E-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. company, today announced the launch of CableWeb, a facility which will allow Internet access See how to access the Internet. to cable TV subscribers. CableWeb's broadband connection See broadband and wireless broadband. will enable faster downloads and quicker access in addition to being more cost-effective than conventional dial-up connections. With a conventional dial-up connection the consumer pays for time spent on the Internet as well as for time on the phone, while a consumer using CableWeb will not incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. telephone bill charges. CableWeb will allow instant access to the Internet without the conventional procedures of dialing up. To use CableWeb, a consumer requires a personal computer, a cable connection, an ethernet card See Ethernet adapter. , a compatible cable modem cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. and a cable splitter. The cable splitter splits the cable line between the TV and the PC so that both can be used simultaneously, independent of each other Pradeep Lakshmanan, Vice President, Online Business of Satyam Infoway said, "The launch of CableWeb allows for faster and more cost effective Internet access for customers. It will also bring the Internet within the reach of the masses." CableWeb is being brought to subscribers in Jamshedpur in association with Catvision Products Limited, a leading cable television operator in the city. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sudhir Damodaran, Director of Catvision, "This strategic arrangement between Satyam Infoway and Catvision will provide high speed and cost-effective Internet access to our customers in Jamshedpur via the cable TV right at their doorstep." About Satyam Infoway Ltd Satyam Infoway is the second-largest national provider of Internet access and Internet services to consumers and businesses in India. As February 29, 2000, Satyam Infoway has more than 138,000 consumer Internet subscribers. The Company's network presently serves 37 cities throughout India. The products of Satyam Infoway include consumer Internet access services, on-line portal and content offerings and corporate network and technology services. Satyam Infoway's portal. www.satyamonline.com, is India's leading portal with services in areas such as travel, finance, health and shopping in addition to e-mail, chat and search. Over 350 corporations use Satyam Infoway's business-to-business products and services. UUNet Technologies, Sterling Commerce and Open Market are some of Satyam Infoway's strategic partners. About Catvision Incorporated in 1985, Catvision is a widely-held public limited company with four business divisions which offer a range of products and services targeted at the cable television and Internet-over-cable market. The company has its head office at Noida and branch offices at Jamshedpur, Durgapur and Bhilai. Cable TV products and services have been Catvision's core business since 1985 making it one of the most experienced companies in the industry. Today, Catvision is among the leaders in each of its business segments. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27- A of Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21 E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. For a discussion of the risks associated with Satyam Infoway's business, please see the discussion under the caption "Risks Related to Our Business" in Satyam Infoway's Report on Form 6-K for the quarter ended December 31,1999 which has been filed with the Securities and Exchange Commission. This report is available at www.sec.gov. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion