VSNL (NYSE: VSL) and Sify Corp. (Nasdaq: SIFY) to run cybercafes at 82 railway stations
According to this story in Financial Express, Sify Corp. and Videsh Sanchar Nigam Limited (VSNL) will run RailTel express cybercafes at 83 Indian Railway stations. RailTel Corp of India Ltd, the Rs 34-crore nationwide broadband telecom and multimedia network under the ministry of railways, has decided to set up cybercafes at various railway stations in the country. It plans to open cafes at another 270 stations next year. All the cybercafes will be based on a Franchise model and will include revenue sharing. This agreement will add to Sify Corporation’s more than 3000 Iway cybercafes in India.
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