Aptech acquires US-based Specsoft for $10 million
Software and infotech training company, Aptech Ltd has acquired Specsoft Consulting Inc of USA for a consideration of about $10 million. Aptech will appoint a majority of the board of directors of Specsoft.

Radio waves -- Govt to allow third-party infrastructure service providers for FM
Govt has paved the way for entry of third-party infrastructure service providers in the radio business. In the Letters of Intent to be issued from August 1 by the I&B Ministry to private FM radio broadcasters, the govt has approved of broadcasters availing of infrastructure services from third parties.

DTO to divide Rs 120 crore project between three bidders
DTO has decided to split the Rs 120 crore pilot project for installing 20,000 rural fixed lines in some selected pockets in each circle, between LG-IC, and the Hindustan Teleprinters Limited (HTL)-Motorola alliance.

Acer Peripherals to invest $10 m in manufacturing
ACER Peripherals India, the wholly-owned subsidiary of the Taiwanese hardware major, will invest $10 million in India to undertake manufacturing of colour monitors, scanner and mobile phone handsets. The investment will be made over three phases.

Altavista opts against JV, plans 100% subsidiary
Close on the heels of announcing its plans to enter the lucrative Indian market, leading Internet company Altavista said on Monday that it has decided against a joint venture and would now launch its wholly-owned subsidiary Altavista India by October this year.

Bandwidth on demand to all district HQs by March 2001, promises DTS
Department of Telecom Services (DTS) is executing a plan to provide bandwidth on demand up to almost all district headquarters by March 2001, subject to availability of resources.


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