UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities
Exchange Act of 1934
For the month of October 2001
Commission File Number 000-27663
SATYAM INFOWAY LIMITED
(Exact name of registrant as specified in its charter)
Not Applicable
(Translation of registrant's name into English)
Republic of India
(Jurisdiction of incorporation or organization)
Second Floor, Tidel Park
No. 4, Canal Bank Road, Chennai 600 113, India
(91) 44-254-0770
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20F [X] Form 40 F [ ]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to registrant in
connection with Rule 12g3-2(b). Not applicable.
ITEM 5. OTHER EVENTS.
On October 24, 2001, Satyam Infoway Limited (the "Company" or "Sify")
released a press release regarding the proposed sale of its software services
business to its majority shareholder, Satyam Computer Services Limited, and
other matters regarding the relationship of the two companies. That press
release is attached as Exhibit 99.1 and incorporated herein by this reference.
Also on October 24, 2001, Satyam Computer Services Limited released its
financial results for the September 30, 2001 fiscal quarter in a press release.
That press release included a section with comments on each significant
subsidiary of Satyam Computer Services Limited, including one on Sify. That
section of the press release is reproduced as Exhibit 99.2 and incorporated
herein by this reference.
FORWARD-LOOKING STATEMENTS MAY PROVE INACCURATE
IN ADDITION TO HISTORICAL INFORMATION, THIS REPORT CONTAINS
FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE SECURITIES
ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934,
AS AMENDED. THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN ARE SUBJECT TO RISKS
AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
THOSE REFLECTED IN THE FORWARD-LOOKING STATEMENTS. YOU ARE CAUTIONED NOT TO
PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH REFLECT
MANAGEMENT'S ANALYSIS ONLY AS OF THE DATE OF THIS REPORT. IN ADDITION, YOU
SHOULD CAREFULLY REVIEW THE OTHER INFORMATION IN THIS REPORT AND IN OUR PERIODIC
REPORTS AND OTHER DOCUMENTS FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE
COMMISSION (THE "SEC") FROM TIME TO TIME. OUR FILINGS WITH THE SEC ARE AVAILABLE
ON ITS EDGAR DATABASE MAINTAINED AT ITS WEBSITE, WWW.SEC.GOV.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunder duly organized.
Date: October 24, 2001 SATYAM INFOWAY LIMITED
By: /s/ T.R Santhanakrishnan
----------------------------------------
Name: T.R. Santhanakrishnan
Title: Chief Financial Officer
EXHIBIT INDEX
Exhibit
Number Description
------- -----------
99.1 Press Release by Satyam Infoway Limited dated October 24, 2001.
99.2 Excerpt from Press Release by Satyam Computer Services Limited
dated October 24, 2001.