VSL - Videsh Sanchar Nigam Message Board

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Technology Stocks : VSL - Videsh Sanchar Nigam

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To: tech101 who wrote (3)	8/28/2006 9:47:46 PM
From: tech101	of 20

VSNL Plans Big Asian Cable Monday August 28, 2:12 pm ET ByTSC and IRIS Staff, TheStreet.com Videsh Sanchar Nigam (VSL) said it plans to build a $200 million multi-terabit submarine cable system linking Singapore, Hong Kong and Japan. This new intra-Asia cable will enable VSNL International to better serve its global customers doing business in and with the burgeoning Asia-Pacific markets, the India-based company said. VSNL International will start building the new intra-Asia cable by December. The scheduled build time for the project is 12-14 months. The company is finalizing design details, selecting suppliers and identifying additional partners. VSNL's stock was trading at $17.70, up 30 cents Monday. biz.yahoo.com

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