Videsh Sanchar Nigam
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| Videsh Sanchar Nigam Limited | |
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| Type | Public (NYSE: VSL) |
|---|---|
| Founded | 1872 |
| Headquarters | Mumbai |
| Key people | Subodh Bhargava (Chairman), N. Srinath (Executive Director) |
| Industry | Telecommunication |
| Products | Data communication, Internet, International Voice, Enterprise and Carrier Data |
| Revenue | US$ 1.03 billion [1]2006 |
| Employees | 4013 |
| Website | www.vsnl.in |
Videsh Sanchar Nigam Ltd (NYSE: VSL, BSE: 500483 , NSE:VSNLEQ) is a global Indian-telecommunications company.VSNL is a provider of international wholesale voice services, and a wholesale voice-over Internet protocol provider. VSNL was India's sole telecom carrier for international calls until 2002. While domestic calls are carried by Mahanagar Telephone Nigam Limited (MTNL), Bharat Sanchar Nigam Limited (BSNL), and private companies, international calls were routed through VSNL. It also provided bandwidth for Internet service providers.
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[edit] History
VSNL's roots date back to two telegraph companies, Eastern Telegraph Co. (ETC, founded 1872) and Indian RadioTelegraph Co. (IRT, founded 1927). The two merged in 1932 to form Indian Radio and Cable Communications Co. (IRCC). VSNL was incorporated on 1986-04-01 as a wholly owned government entity under the Indian Companies Act, 1956.
In 2002 the Indian Government privatized VSNL. The Tata Group group acquired a controlling stake in VSNL and the government holds a minority stake. The Indian government owns approximately 26 per cent of VSNL’s equity and the Tata Group about 45 per cent. The balance is held between various overseas equity holders, including ADR holders, Indian institutions and the Indian public.
The company offers its products and services under the brand name Tata Indicom in India. The company stock is now traded on the Bombay Stock Exchange and also trades in the United States as an American Depository Receipt (ADR) under the ticker symbol VSL. Revenues for the financial year 2004 stood at approximately US$780 million.
[edit] Operations
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As India’s gateway to the world, VSNL is the nodal agency for international communications from the country. It has been the premier provider of international voice and data services, carrying over three billion minutes of traffic in 2001.The company operates landing stations, undersea cables, ISP POPs, managed services, leased lines and datacenters across India. VSNL was the first company in India to start offering dial-up Internet access in 1995 and had about 3 million–4 million dial-up users at the beginning of 2005. Previously it also handled the allocation of bandwidth for other ISPs in India.It has bilateral relations with international traffic carriers in over 75 countries. VSNL is also the market leader in providing international IPLC and frame relay services in India.
The company acquired Dishnet DSL, a successful broadband Internet service provider in India. VSNL has been active on the global bandwidth scene. It bought assets of Tyco Global Network for US$130 million on 2004-11-01. [2]
On 2005-07-25 acquired Bermuda-based Teleglobe International Holdings Ltd. (now called VSNL International Canada) for US$239 million. [3]
VSNL has since been chosen as 26% owner of the Second Network Operator to take on South Africa's fixed line monopoly, Telkom. With the new acquisitions VSNL became the third largest carrier of voice traffic worldwide behind AT&T and MCI.
VSNL International, the global operating division of VSNL, is based in Singapore.
VSNL provides Long distance services, dial-up ISP and ADSL broadband services for residential customers, and leased lines (IP and dedicated), wavelengths, managed hosting and global MPLS and MDNS services for business customers.
[edit] Locations
VSNL has international gateways located in Mumbai, New Delhi, Kolkata, Chennai, Ernakulam, Jallandhar, Gandhinagar and Kanpur. It operates satellite earth stations at Arvi (near Pune), Dehradun, Mumbai, New Delhi, Kolkata, Chennai and Bangalore. Additionally, international submarine cables terminate at VSNL’s cable stations in Chennai, Ernakulam and Mumbai.
[edit] See also
[edit] References
Categories: Cleanup from August 2006 | All pages needing cleanup | Companies listed on the New York Stock Exchange | Wikipedia articles needing style editing | Telecommunication companies of India | Software companies of India | Companies listed on the Bombay Stock Exchange | Telecommunications companies | Tata Group | 1986 establishments | Communications companies of Singapore
