VSNL expands its global network
By Mumbai: | 02 Jul 2005
Mumbai: Videsh Sanchar Nigam Ltd.(VSNL), on Friday announced having completed its take-over of Tyco Global Network (TGN). The network stretches approximately 37,000 miles to connect North America, Europe and Asia.
The deal is worth about $130 million and has been approved by regulators in the U S and other countries, Mumbai-based VSNL said.
"The combination of the TGN assets and the deep network penetration of VSNL throughout India will allow VSNL to design customised and scalable connectivity solutions between all the key global business centres, through a single point of contact," Vinod Kumar, president of VSNL International, was quoted in a statement.