Haben heute Abend an der Nasdaq wieder 11 % auf 162,- Kursziel laut Emerging Markets Investor 500,-
Friday December 10, 1:52 am Eastern Time
Satyam Infoway no comment on AOL report
BANGALORE, India, Dec 10 (Reuters) - Indian Internet service provider (ISP) Satyam Infoway Ltd (NasdaqNM:SIFY - news) on Friday said it had no comment on an Indian newspaper report that America Online Inc (NYSE:AOL - news) was interested in acquiring a stake in the company.
``It (the report) is completely speculative and we do not want to comment on it,'' R. Ramaraj, Satyam Infoway's managing director, told Reuters by telephone from the southern Indian city of Madras.
The New Delhi-based Hindustan Times newspaper reported on Friday that AOL had held talks to acquire a substantial stake in Satyam Infoway.
The paper quoted market sources as saying tht AOL would acquire a 30-35 percent stake in Satyam Infoway and the option being explored included a fresh issue of shares either in the domestic market or in the overseas market.
The company may also consider raising the funds from venture capitalists, the newspaper said. |