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Financial Express: One of India’s biggest company, Mukesh Ambani led Reliance Industries Ltd has invited expression of interest (EoI) from the Tatas-controlled Videsh Sanchar Nigam Ltd (VSNL) to meet the bandwidth requirement of its 1500-city foray into retail. Reliance is planning a major foray into the retail venture, it would require to connect all its […]

Financial Express: In a move to consolidate its existing business Tata controlled VSNL has sought the route of actuations. The recent moves have strengthened VSNL’s international carrier business.
Last year VSNL acquired Tyco for $130million . Tyco has 60000 km of undersea cable that spans around North America, Asia and Europe. Recently VSNL […]

MoneyControl: CNBC T-TV18 provides the following estimates for Videsh Sanchar Nigam Limited (VSNL) (NYSE: VSL):
- Q4 net profit is expected to go down 25.8% to Rs 111.3 crore (Rs 1.11 billion) from Rs 150.1 crore (Rs 1.50 billion) quarter-on-quarter, QoQ.
- Revenues are seen going up 2% to Rs 999.4 crore (Rs 9.99 […]

Business Standard: Citi group clarified it doesn’t hold 4.2 % stake in VSNL (NYSE: VSL) which was announced in many major newspapers and business channels but it holds 2.1 % in this TATA group company. Currently, Tata group owns 44.25% stake in VSNL and the government of India owns 26% while institutional investors hold […]

Business Standard: Videsh Sanchar Nigam Limited (NYSE: VSL) is loosing ground as an ISP provider. According to the Telecom Regulatory Authority of India’s (TRAI) performance indicator report released on Monday, VSNL has lost 8.31 per cent of its subscribers for the quarter ended December 2005. Moreover the company’s market share has dropped to […]

According to this story in Financial Express, Sify Corp. and Videsh Sanchar Nigam Limited (VSNL) will run RailTel express cybercafes at 83 Indian Railway stations. RailTel Corp of India Ltd, the Rs 34-crore nationwide broadband telecom and multimedia network under the ministry of railways, has decided to […]