Citi Group on Wednesday clarified that it owns 2.1 per cent equity stake in Tata-controlled Videsh Sanchar Nigam Ltd, which is less than 4.2 per cent that it had earlier reported with the US Securities and Exchange Commission.
Videsh Sanchar Nigam Ltd may have to take a hit of upto Rs 80 crore (Rs 800 million), with the Tatas-owned company losing a substantial ISD traffic originating from telecom PSU Bharat Sanchar Nigam to Reliance Infocomm.
Internet and telephony major Videsh Sanchar Nigam Ltd may incorporate 'Tata' in its name, an issue that is likely to be discussed at the company's board meeting on Friday.
The cables dovetail into VSNL's plans to build a global submarine cable system connecting India. \n\n
Videsh Snachar Nigam Ltd, a leading communications solutions provider owned by Tata, has launched a cheaper and efficient web-based International Calling Service
Videsh Sanchar Nigam Ltd has forged a strategic alliance with Microsoft Corporation India Pvt Ltd for venturing into the web conferencing market.
In a move that could hot up the telecom war, Anil Ambani owned Reliance Infocomm has accused Videsh Sanchar Nigam Ltd of killing the competition in bandwidth market by creating both price and non-price barriers.\n\n
Close on the heels of acquiring Tyco Global Network for about Rs 600 crore (Rs 6 billion), Tatas-controlled Videsh Sanchar Nigam on Thursday said it was open to acquisitions and takeovers for maintaining high growth momentum.
Videsh Sanchar Nigam Ltd, the Internet services provider, has launched a corporate data product, 'Tata Indicom Bandwidth-On-Demand' for its leased line customers in the country.
Telecom major VSNL, owned by the Tata Group has been awarded a major stake in South African telecom operator SNO.
Videsh Sanchar Nigam Ltd has decided to acquire the entire stake of Tata Power Broadband for Rs 239 crore (Rs 2.39 billion).
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Videsh Sanchar Nigam Ltd has inked a pact with ICICI Bank Ltd, whereby the private sector bank will distribute the former's Tata Indicom dial-up Internet services through its ATMs in the country.
The view follows a detailed review of the matter by DoT since March this year, after Dayanidhi Maran, then communications minister, asked officials to provide details about the possibility of the Tata-owned VSNL being allowed to retain the land. This latest recommendation, made in September, comes despite the fact that the Cabinet Committee of Economic Affairs had, in December 2005, approved hiving off the land bank into a separate company.
Videsh Sanchar Nigam said on Monday it as signed a share purchase agreement to acquire Direct Internet Ltd and its subsidiary for Rs 75 crore (Rs 750 million).
Telecommunication services provider Videsh Sanchar Nigam Ltd and global microprocessor manufacturer Advanced Micro Devices on Thursday launched personal Internet communicator, a consumer device that offers managed Internet access to end-users.
Videsh Sanchar Nigam said on Wednesday it will improve its intra-region signalling connectivity in Asia with the integration of two additional Signalling Transfer Points. The two new STPs would be integrated by the company in Mumbai and New Delhi to its global SS7/C7 network, VSNL said in a communique to the Bombay Stock Exchange.
VSNL has agreed to acquire Tyco Global Network, one of the world's most advanced and extensive submarine cable systems for $130 million.
Videsh Sanchar Nigam Ltd and Cable & Wireless have tied up to provide enhanced global connectivity services to Indian corporate customers in the IT-enabled Services segment.
Videsh Sanchar Nigam Ltd has launched Tata Indicom Total Internet, an integrated solution, even as it has sought regulatory approvals for bandwidth price reduction on three of its connectivity modes.
Tata group company Videsh Sanchar Nigam and global networking major Cisco Systems Inc on Tuesday signed a Rs 500 crore (Rs 5 billion) agreement to deploy broadband metro Ethernet solution, that will offer broadband services at less than Rs 1,000 per
VSNL Lanka Ltd, a wholly owned subsidiary of Videsh Sanchar Nigam Ltd on Tuesday said that it has been granted external gateway operator license by the Telecom Regulatory Commission of Sri Lanka.
Videsh Sanchar Nigam Ltd is opting for new business models including Internet Protocol based Virtual Private Network, Microprotocol Label Switching services.
Union Divestment Minister Arun Shourie on Friday said the initial public offering to pare the government's stake in five companies - VSNL, Balco, IPCL, CMC and IBP would be done within the next six months.
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