Indian telecom operator will acquire telecom wholesaler, creating a global player
July 25, 2005
The Indian telecom company VSNL said on Monday it will pay $239 million for Teleglobe, one of the world’s largest wholesalers of international telecommunications services such as voice, data, and IP.
The acquisition will give VSNL, which stands for Videsh Sanchar Nigam Ltd., access to Teleglobe’s global telecom network along with ownership interests or capacity in more than 80 undersea and terrestrial cables. The Teleglobe network reaches 240 countries and territories.
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