In a letter to Telecom Minister Kapil Sibal, Tata Communications chairman Subodh Bhargave gave a summary of the sequences of events since 2005, which also have concurrence of two directors nominated by the government.
Earlier, the Telecom Commission, a decision-making arm of the Telecom Ministry, had recommended that the government pick up a majority stake in the special purpose vehicle created to execute the sale of surplus land lying with VSNL (now Tata Communications).
Following Reliance Communications' announcement last week accusing Videsh Sanchar Nigam Limited of delaying implementation of an international tribunal order, VSNL said on Wednesday the announcement contained false imputations against it.
This new service will compete with several other providers, including Reliance Communications. But VSNL officials were upbeat about their offering.
The Tata-controlled Videsh Sanchar Nigam Limited has come under sharp criticism from American companies who have complained about the restrictive policies adopted by it on international bandwidth access.
For national long distance calling, the government had proposed 'One-India' in a bid to create uniform call rate across the country and for this it had invited four telecom players.
VSNL has agreed to acquire Tyco Global Network, one of the world's most advanced and extensive submarine cable systems for $130 million.
Reliance Communications-owned FLAG system has won a case against Tatas-owned Videsh Sanchar Nigam Limited in the International Court of Arbitration, which makes it eligible for upgrading capacity of international bandwidth.
International long distance carrier Videsh Sanchar Nigam Limited on Friday urged the Telecom Regulatory Authority of India to scrap the access deficit charge as it was leading to smuggling of international calls.
Companies that invest heavily in firewalls and other protection measures forget that over 15 per cent of their employees are talking to headhunters and prospective new employers at that very moment, say experts.
Videsh Sanchar Nigam Limited will start offering virtual private network services to the United States and Europe.
The service will cover areas where no network is available and will be provided by INMARSAT, which has 14 satellites.
Index heavyweights ITC was the top gainer along with RIL and HDFC
No successive government thought of reviving the idea of an exit policy.
Mukund Rajan, who worked closely with Ratan Tata, recalls the unique experience of working with the corporate titan.
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