With the new owner shelling out Rs 18,000 crore for the buyout of 'Maharaja' this would be the highest ever amount garnered through privatisation or even the cumulative sum garnered through strategic sale in 1999-00 to 2003-04. The government had garnered roughly over Rs 5,000 crore during that five-year period by privatising 10 CPSEs.
Call centres are recognised as a separate class of service providers falling under the category of 'Other Service Providers' and should be exempted from access deficit charges on traffic routed to them, according to Videsh Sanchar Nigam Ltd.
Internet gateway and service provider Videsh Sanchar Nigam Ltd will use the proceeds from the sale of its 5.42 per cent stake in US satellite firm
State-run telecom firm Bharat Sanchar Nigam Ltd on Tuesday said it has started negotiations with Tatas-owned Videsh Sanchar Nigam Ltd to work out a framework for deriving synergies on its proposed international long distance services.
The share of public sector undertakings (PSUs) in the total market capitalisation of listed companies--at an all-time low of 10 per cent currently --- may get a leg-up from the government's divestment push. Recently the government announced the successful sale of national carrier Air India to Tata Sons, India's first privatisation of a PSU since 2002-03. The transaction is expected to be completed by December.
Internet gateway and solutions provider Videsh Sanchar Nigam Ltd has selected US-based Tekelec to manage its long distance signalling, inter-carrier and SMS traffic.
Videsh Sanchar Nigam Ltd's Chennai-Singapore submarine cable project might encounter a speed-breaker, making it difficult to meet the 2004-end deadline.
Videsh Sanchar Nigam Ltd has entered into a collaboration with software giant Microsoft to launch ReadyAccess Business Messaging and Collaboration services for small and medium enterprise segment.
Tata-owned Videsh Sanchar Nigam Ltd said on Thursday it will invest $600 million to connect two international submarine cable networks.
A VSNL statement at the Bombay Stock Exchange said that the completion of the transaction is subject to a number of conditions precedent and is expected to be over in next few weeks.
Tata group company VSNL has signed an MoU with leading global telecom firms to construct a new submarine cable linking India, the Middle East and Western Europe.
The service will cover areas where no network is available and will be provided by INMARSAT, which has 14 satellites.
'How will they give me permission to die when there are many others in conditions worse than mine?'
America's oldest satellite company Intelsat on Tuesday said it is being purchased by a group of private investors for $5 billion in cash and the assumption of debt.\n\n\n\n
The government is planning to divest its residual 26.12 per cent equity in the Tata-owned Videsh Sanchar Nigam Ltd, now called Tata Communications. It is unlikely, however, that the government will decide to sell its entire residual stake in the stock market before it resolves the issue of the surplus land of around 773 acres that was kept outside the disinvestment process.
VSNL on Wednesday got a temporary relief after telecom regulator TRAI decided to keep its earlier order of announcing up to 64 per cent reduction in international bandwidth prices in abeyance till October 3.
Consequent to the Supreme Court's verdict on HPCL, BPCL divestment the government is understood to have halted the sale of its residual equity in privatised companies like Videsh Sanchar Nigam, IBP and IPCL.
Videsh Sanchar Nigam Ltd and AT&T have entered into an agreement to jointly offer Multi-Protocol Label Switching platform-based networking services in India, including ATM, Frame Relay and secure Internet Protocol dial services.
Neotel, South Africa's second fixed line operator, intends to re-finance the debt with a long-term facility after 12 months.
In perhaps the first judicial order in India to curb unsolicited e-mails, the Delhi high court has restrained a city-based organisation and its proprietor from indulging in this activity to jam the VSNL Internet server.
Late 'big bull' Harshad Mehta, largest car maker Maruti and liquor major Shaw Wallace are among top 20 corporate and individual income tax defaulters, Lok Sabha was informed on Friday.
Three telecom giants, Mahanagar Telephone Nigam, Videsh Sanchar Nigam and Telecommunications Consultants India Ltd have formed a joint venture and got licence to offer basic telephony.
Videsh Sanchar Nigam Ltd has posted a net profit of Rs 818 million for the quarter ended December 31, 2002 as compared to Rs 1379 million in the quarter ended December 31, 2001.
In a criminal complaint filed before the court of Additional Chief Metropolitan Magistrate, Mumbai, Tata Sons has claimed that an article published by 'Outlook' in its March 28, 2011 edition and another in the April 4, 2011 edition made 'false and defamatory statements and harmed the reputation of the Tata business name'.
VSNL intends to set up the unit through its wholly owned subsidiary, VSNL Global Services.
Maybe Modi could ask a patriarch of the stature of the late G D Birla to flesh out the details of a new company to manage government land privatisation.
Intel, the world's largest chipmaker, is understood to be in talks with leading Indian telecom companies like Tata Communications (formerly VSNL), Bharti Airtel and Reliance Communications that could bid for broadband wireless access spectrum to be auctioned by the government in January 2010.
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