The name-change was approved by the company’s stockholders at the extraordinary general meeting held on 9 December 2002. The symbol for the company’s American depository shares (ADS) traded on the Nasdaq National Market will remain SIFY.

Satyam Infoway, now Sify, 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 per cent 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 30 September 2002, a host of blue chip customers used Sify’s corporate service offering.

Sify’s consumer Internet access business had, as of 30 September 2002, approximately 600,000 retail subscribers. The company’s network services, data centre operations and customer relationship management are accredited ISO 9001:2000.