SOURCE: The Bedford Report

The Bedford Report

July 08, 2011 08:16 ET

India's Improving Broadband Usage Boosts Popularity in Rediff and Sify

The Bedford Report Provides Equity Research on India & Sify Technologies

NEW YORK, NY--(Marketwire - Jul 8, 2011) - India's internet sector is continuing to grow at a steady pace this year. A recent report from McKinsey says that the Internet contributed 5 percent to India's GDP growth in the past five years, higher than the average 3 percent for "BRIC" (Brazil, Russia, India and China) economies but much lower than the US (15 percent). The Bedford Report examines the outlook for companies in India's Internet Sector and provides investment research on India Ltd. (NASDAQ: REDF) and Sify Technologies Limited (NASDAQ: SIFY). Access to the full company reports can be found at:

In September 2010, there were 17.9 million Internet users and 10.31 million broadband users in India, compared with 687.71 million mobile subscribers. Having missed targets set by the National Broadband Plan of 2004, India has lost nearly $100 billion in GDP in the interim, according to preliminary results of a national study by the Indian Council for Research on International Economic Relations (Icrier). Icrier argues that India's internet market will grow even faster due to increased broadband usage in rural areas.

The Bedford Report releases market research on India's Internet Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Sify Technologies' services enable its business and consumer customers to communicate, transmit and share information, access online content and conduct business remotely using its private data network or the Internet. According to comScore Rankings, Sify Movies jumped from the seventh- to third-highest user-visited portal for cinema-related news in India. Sify recently announced a partnership with Deutsche Telekom International Carrier Sales & Solutions (ICSS), the international wholesale arm of Deutsche Telekom. India operates in two segments: India Online business and US Publishing business. The company has been posting significant revenue growth of late. Recently the company said its fourth quarter India online advertising revenues grew 24% on a year-over-year basis and 2% sequentially, while total India revenue, grew 20% and 1% for the same respective periods.

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