| Satyam to set up operations in Guangzhou, China |
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Hyderabad, March 1st, 2006: Satyam Computer Services Limited (NYSE: SAY), today announced its plans to set up its operations in Guangzhou, China. An agreement to this effect was signed in Bangalore in the presence of Mr. Zhang Guangning, Mayor of Guangzhou and Mr B Rama Raju, Co-founder and Managing Director of Satyam.
Commenting on the agreement Mr. Murali V., Senior Vice President, Satyam Corporate Head Quarters, said, “Satyam has plans to increase its presence significantly in China. We are encouraged by the support that we are receiving from several provinces in China and are only too pleased to further expand our presence. The setting up of the operations centre, though in a small manner, is the first step before we set up a large development center in China.”
“We are happy to extend our support to Satyam to set up their centre in our province. We believe that Satyam can add to the development that we are focusing in bring to this region”, says Mr. Zhang Guangning, Mayor of Guangzhou.
“Satyam in China is strategic to our Asia Pacific operations as it helps address our global customers based in China. Being one of the first Indian organizations to enter China, Satyam has grown its presence in China to 250 associates across Shanghai, Dalian and Beijing. China has a huge potential to address other markets, Dalian, for instance is developing as a nearshore our Japanese and Korean clients due to its close proximity and availability of multilingual resources,”said Virender Aggarwal, Director and Senior Vice President, Asia Pacific, Middle East, India and Africa.
Satyam Contacts
For further information, contact: rfi@satyam.com
India
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Rajesh, rajesh@perfectrelations.com, +91 40 55316861, +91 98490 42184
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US
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Ivette Almeida, ialmeida@hfgcg.com 1- 646-284-9455 | +1-201-232-0128
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Europe
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Priti Thakker, priti_thakker@satyam.com, +1 973 753 1858, +1 973 997 1149
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Asia- Pacific
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Reshma Wad Jain, reshma@wer1.net, +65 6737 4844, +65 98140507 or Amber Dale, a.dale@polaris-me.com, Jiang Ying, rfi@satyam.com, +86 21 5080 7600 extn 4015, +86 13816686084
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Safe Harbor:
This press release contains forward-looking statements within
the meaning of section 27A of 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 certain risks and uncertainties that
could cause actual results to differ materially from those
reflected in the forward-looking statements. Satyam undertakes
no duty to update any forward-looking statements. For a discussion
of the risks associated with our business, please see the
discussions under the heading “Risk Factors” in our report
on Form 20 F concerning the fiscal year ended March 31, 2006,
furnished to the United States Securities Exchange Commission
on April 28, 2006 and the other reports filed with the Securities
Exchange Commission from time to time. These filings are
available at www.sec.gov
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