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.
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.
The bottomline of Videsh Sanchar Nigam Ltd, a Tata group company, is under pressure due to a fall in long distance rates, according to VSNL managing director S K Gupta.\n\n\n\n
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
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 has decided to acquire the entire stake of Tata Power Broadband for Rs 239 crore (Rs 2.39 billion).
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.
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.
In all, 25 Chairman-cum-Managing Director (CMD) posts, 8 MD posts and 2 Chairman posts are lying vacant, according to a written reply by Minister of State for Heavy Industries and Public Enterprises P Radhakrishnan in the Lok Sabha.
The service will cover areas where no network is available and will be provided by INMARSAT, which has 14 satellites.
Modelled loosely around the National Highway System of the US, he in 2001 launched the Golden Quadrilateral and the North-South & East-West Corridor projects to build 4/6 lane highways between four top metropolitan cities of Delhi, Mumbai, Chennai and Kolkata as well as from Srinagar to Kanyakumari and Porbandar to Silchar.
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
'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.
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