Today Yahoo announced the purchase of 30% of the shares of an Indian telephone information service called Network Management
Company. The size of the investment wasn’t disclosed, although Yahoo will take a board seat.
I’m sure Yahoo has great reasons for the investment, but this seems like a bit of a side show. Their core U.S. business is deteriorating. Whatever energy they put into this deal seems like it would have been better spent pondering what they will do about it.
Yahoo number one beatufiul
http://tinyurl.com/4rdhmc
That URL is spam, of course…
Mike why not implement some kind of Report Comments Plugin in this blog, where in if you find more negative votes to a comment, its disabled/removed. Referring to Comment#1 in this post.
Also the site indiaclickinfo looks like a kids owned site, may be yahoo invested into something else!
TC spam filters are 99.9 percent effective.
yahope now has a great excuse to use the indian labor pool and get rid of more US workers.
investment?……… or outsourcing in disquise?
@ the locator spam guy -
TC’s spam filters repeatedly don’t catch ur comments. So maybe they aren’t as effective as they think.
I second that – Mike – there is too much Spam here, a simple functionality like that can help fight the trolls, and add value for those of us that want to separate the useful comments from the SpamLocator type comments that get on all your posts.
Dig deeper Mike.
A yahoo exec has some VERY close ties to this company.
ok. I’ll dig deeper tomorrow.
Yahoo seems to be running around with its head chopped off for well over a year now… either it’s stuck in the sand or floating over their now dead body but either way, their demise is continuing towards indifference.
Jon
http://WoodMarvels.com – Create Unique Memories
make that –
A yahoo exec has some VERY VERY close ties to this company.
that does not even have operations all over india. its _one_ city..
got it.
I am from Chennai and am quite familiar with this site. Quite a useful site locally. It will be very interesting to find out Mr.TSN (the CEO of call chennai) and his connections. Will update here once I find any connection.
The news articles seems atleast 6 months old on indiainfoclick (Bhutto assassination, mob attack etc). It seem Yahoo has acquired them for their directory like structure — not sure if they would have got the same thing done from a contractor.
Yes, this is really very cool~
I’m sure Yahoo has great reasons for the investment
Been hearing a lot of questionable deals about India. I’ve been hearing startups channeling VC-funded $ to operations in India using “outsourcing” as the reason. Can anyone confirm how VCs here allowing this to happen.
Yahoo made few other investments in India few years ago and first being BharatMatrimony.com, the largest matrimony portal in India and tyroo adnetwork and both the companies seems to be doing good. BharatMatrimony.com raised the second round of funding early this year.
While Yahoo may not be doing well in US but in India it’s a market leader and they seems to be doing the right thing.
Just because the company as a whole is struggling doesn’t mean that the company should come to a standstill. I’m sure they have the resources to spare to evaluate a small investment.
A for Apple, B for Boy…. Why? for Yahoo!
Some of the comments seems to be quite clueless and you are dignifying them with a “dig deeper” statement. Anyway, the company is in 14 cities and not 1(read the Indian blogs) and the internet site is not what Y! invested for but the voice directory services which is their primary business. With this kind of backdrop, one can guess what the knowledge or motive of those commenters is. Please read the Indian press which has written more knowledgeably.
This is a space which is very hot in India – the industry leader Just Dial, got 2 rounds of investments from Softbank and Tiger. Google is testing out its voice directory search services in beta in 2 cities in India. Most Indian blogs say that this investment will give Yahoo! a head start over Google. And if you remember, you have been championing this company called Jingle Networks. The Indian companies are more evolved than Jingle and they don’t run on ads but on lead based models.
I agree with hawk. Voice search is an area with a huge potential in India where the internet penetration is 5-6% and mobile telephone penetration is 30%.
Also the growth of mobile telephony is far more than the growth of internet.
By some estimates Just Dial has revenues of 25 Mn USD and growing ( all thru lead generation)
Hence this business will make sense as going forward voice powered search will be the fastest growing category in India.
ISPs are a load of crap in India.
PCs are sold through the f***ing “channel”. (sorry)
The channel is a collection of finest “Ferengi” in the galaxy. They beat Enron and Wall Street in sheer quality. The channel bribes the IT ministry bureaucrats and they screw the system further. Consequently it is easier for MIT to get the OLPC XOs to kids in Africa, Far East Asia and South America than to “democratic” India. Been there, fought that. Lost time, money.
Q: What’s all that got to do with this?
A: IBM
IBM’s innovated a VOIP-based *voice surfing* service to connect rural India to the “web”.
Aural stylesheets, embedded TTS, Mobile browsers and stuff.
“Talking web”
Do things make more sense now?
Someone’s failed miserably in the Indian IT system, but it’s surely not me
(that was for the omnipresent/omniscient trolls…)
Give up on their own employees and abandoning their home market to go somewhere else – Balmer’s right: let them burn and buy at super cheap price.
It seems that all search companies including yahoo are pretty serious in investing in India. As far as numbers are concerns yellow pages (directory based search) in India has penetration of only 15-20% compared to 55% in developed countries. So their is enough space for new players like Yahoo.
To find out more about Indian Online Search Market. Visit http://vyesji.blogspot.com/
VYESJI
very intresting