-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 But Tyco has not cables in the Indian ocean.
> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of Suresh Ramasubramanian > Sent: Monday, November 01, 2004 5:39 PM > To: nanog list; [EMAIL PROTECTED] > 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. > -----BEGIN PGP SIGNATURE----- Version: PGP 8.0.3 iQA/AwUBQYkssb/UEA/xivvmEQIEQACg0JveTpRZK5HZvDbyR8A8PURyg50AnRTl sBFEWjLMaXwBqBrEnd+MA/Bz =OK+6 -----END PGP SIGNATURE-----