VSNL buys Tyco submarine cable network for $130m

Wed Nov 3 19:12:10 UTC 2004

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But Tyco has not cables in the Indian ocean.

> -----Original Message-----
> From: owner-nanog at merit.edu [mailto:owner-nanog at merit.edu] On 
> Behalf Of Suresh Ramasubramanian
> Sent: Monday, November 01, 2004 5:39 PM
> To: nanog list; sanog at sanog.org
> Subject: VSNL buys Tyco submarine cable network for $130m
> 
> 
> 
> Rather obvious sequence of events ...
> 
> * VSNL as India's former government owned monopoly telco, got 
> exclusive 
> rights on the FLAG cable landing in India, and kept a tight 
> hold on it, 
> only agreeing to sell at the most 10% of available capacity, 
> at rather 
> rates (add to it refusing to let its downstreams - most ISPs 
> in India, 
> back then, peer locally at vsnl, and so forcing all local traffic 
> through expensive international links).
> 
> * VSNL was privatized, taken over by the Tata Group .. still 
> kept their 
> hold on FLAG's cable landing in India.
> 
> * VSNL's arch rival Reliance went one up on them and bought 
> FLAG telecom
> 
> * So, now VSNL goes and buys Tyco - another large submarine 
> cable provider
> 
> 	srs
> 
> http://www.hinduonnet.com/thehindu/holnus/001200411020354.htm
> 
> VSNL acquires Tyco for $130 mn
> 
> New Delhi, Nov. 2. (PTI): Tatas-owned Videsh Sanchar Nigam 
> Ltd on Monday 
> decided to acquire Tyco Global Network, submarine cable 
> system, for 130 
> million dollars.
> 
> The acquisition, which is subject to government approval in 
> the United 
> States, India and other countries, would give VSNL control over a 
> network spanning 60,000 km and three continents.
> 
> "The agreement is a major step forward in our ongoing drive 
> to offer our 
> enterprise and carrier customers seamless, end-to-end 
> telecommunications 
> solutions that circle the globe," N Srinath, Director (Operations)
> of  VSNL, said.
> 
> "This coupled with the submarine cable we plan to launch shortly 
> connecting India with Singapore," he said, adding that this will
> give  customers a new choice in global data services.
> 
> "Furthermore, the timing of this transaction is well suited to our 
> international expansion plans," Srinath said.
> 

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