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A new VoIP player in town, VSNL
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A new VoIP player in town, VSNL
Om Malik
Monday, July 25, 2005
11:48 AM PT 12 comments
After buying Tyco’s global fiber optic network, VSNL, a division of Tata Teleservices is snapping up Teleglobe , a Bermuda based company that does most of its business out of Canada. It is a player in the VoIP space. TeleGlobe acquired IXTC earlier. VSNL is paying $239 million for Teleglobe, in an effort perhaps to fill its pipes, and offer connectivity between India and North America. Since Teleglobe trades on Nasdaq, this is a could be a reverse merger of sorts, making VSNL the first Indian owned telecom to trade on the Nasdaq exchange. Still waiting to hear from the folks over at VSNL.
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Comments (12)
What do you want to bet that a Bermuda based company is g"
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