1.Satyam is likely to face lawsuits in US of 400-800 million, this is likely to cut down its valuation by bidders like the spice group which are pursuing taking over the beleaguered computer giant.
2. Google will enter internet telephony. It is in direct competition with Skype which is owned by E-Bay and has a installed user base of 400 million users. There is going to be a change in the dynamics of Telecom Industry with this google initiative.
The Google service is likely to be cheaper than the Skype , but would have a miss on video conferencing capability.