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).
This new service will compete with several other providers, including Reliance Communications. But VSNL officials were upbeat about their offering.
In an application filed with Trai, Videsh Sanchar Nigam Ltd has sought regulatory approval to reduce prices on one of its premium connectivity modes, DS3, citing an increase in bandwidth on a submarine cable system.
Tatas-owned Videsh Sanchar Nigam Limited plans to lay an undersea cable between India and Europe, covering about 10,000 km, at an investment of over $300 million.
Videsh Sanchar Nigam Ltd said on Tuesday it is studying FLAG Telecom's claim of a monetary relief of about 406 million dollar and will file its response with the Tribunal in due course.
The telecommunications and Internet services provider Videsh Sanchar Nigam Ltd has formed a fully owned subsidiary in the US, VSNL America Inc, to offer the Internet protocol-virutal private network solutions in that country.
Videsh Sanchar Nigam Ltd on Monday announced the acquisition of Teleglobe International Holdings, a provider of wholesale voice, data, IP and mobile signalling services.
State-owned telecom major BSNL has awarded a major chunk of its international traffic to UK and Europe to Sunil Mittal-owned Bharti, virtually eliminating incumbent carrier VSNL.\n
Telecom company Videsh Sanchar Nigam Ltd has filed a lawsuit against the central government at Bombay High Court, seeking a compensation of Rs 2,560.72 crore (Rs 25.6 billion) for premature termination of its international long distance monopoly.
The three undersea cable station owners were asked by Trai to submit the Cable Landing Station - Reference Interconnect Offer,' containing the terms and conditions, charges and time limit for providing access. Now, Trai has approved the RIO of four cable landing stations of VSNL in the country and one each of Bharti and Anil Ambani's Reliance.
The district court of The Hague, Netherlands, has upheld the decision of the arbitration panel that VSNL must allow Flag Telecom an access to Flag Europe Asia cable landing station in Mumbai. Flag Telecom (now known as Reliance Globalcom), a subsidiary of Anil Ambani's Reliance Telecom, wanted access to Mumbai landing staion of Flag Europe Asia cable (FEA), a submarine fiber optic cable that runs from England to Japan, for the purpose of enhancing its capacity.
The government is likely to sell its residual stake in privatised firms like Videsh Sanchar Nigam Ltd and CMC to strategic acquirers soon, Divestment Minister Arun Shourie said on Monday.
Feeling the heat turned on by private sector players who have slashed rates, Videsh Sanchar Nigam Ltd said on Monday that it will review National Long Distance plans despite having commenced services in around 10 stations.\n\n\n\n
A golden share means that the government would sell its 26.12 per cent stake in the company and in return ask for a single share with controlling stake.
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.
Videsh Sanchar Nigam Ltd has recorded 3.29 per cent growth in net profit at Rs 91 crore (Rs 910 million) for the second quarter ended September 30, 2005.
Videsh Sanchar Nigam has posted a 385 per cent increase in net profit at Rs 399.2 crore (Rs 3.99 billion) for the quarter ended March 31, 2005 as compared to Rs 82.2 crore (Rs 822 million) for the quarter ended March 31, 2004.
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
Swedish telecom firm Telia has shortlisted two Indian telcos to buyout its controlling stake in the Sri Lankan subsidiary, Suntel, officials said on Friday.
Internet and telephony major Videsh Sanchar Nigam Ltd is gearing up to provide India-centric managed services to international customers
Bharti's undersea fibre-optic cable connecting Chennai with Singapore has not been affected by the deadly tsunami waves, triggered by the massive quake off the Indonesian coast, its CMD Sunil Mittal said on Tuesday.
Indian talent is certainly world-class, but it does not have global grade experience. Our aspiration is to be a global company. Fifty-five to 60 per cent of our revenue comes from the international business.
The months-long row between Tatas-owned Videsh Sanchar Nigam Ltd and Reliance-controlled FLAG Cables over the bandwidth issue was resolved on Wednesday.
Videsh Sanchar Nigam Ltd said it hasnt formulated any VRS plan yet.
After a hiatus of nearly two decades, the government's programme to privatise state-owned firms restarted with the handing over of debt-laden national carrier Air India to the Tata Group. With the new owner shelling out Rs 18,000 crore for the buyout of the 'Maharaja', this would be the highest-ever amount garnered through privatisation, and is even more than the cumulative sum mopped up through strategic sales from 1999-00 to 2003-04. The government had in October last year inked the share purchase agreement with the Tata Group for sale of national carrier Air India for Rs 18,000 crore. Tatas would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
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