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Empresas y finanzas

VSNL International Named 'Best Wholesale Carrier' at the 2006 World Communication Awards


    VSNL Singapore Pte Ltd. ("VSNL International"), the international
    arm of Videsh Sanchar Nigam Limited (NYSE: VSL) was named the 'Best
    Wholesale Carrier' at the 2006 World Communication Awards (WCA), which
    honors companies responsible for the innovations, achievements and
    impressive new services that are helping to build the future of the
    telecommunications industry. This year's honors were the most
    competitive in WCA's eight year history with 254 companies submitting
    their services for consideration.

    VSNL International & Teleglobe, the flagship wholesale brands were
    chosen as 'Best Wholesale Carrier' by a panel of respected,
    independent judges based on outstanding performance and true
    differentiation in the areas of quality of service, scope of service
    portfolio, technological innovation, revenue growth, customer service
    and evidence of a strong strategic vision and future growth potential.
    Judges included Kenneth Cukier, Technology & Public Policy Editor, The
    Economist; Michael Bartholomew, Director, The European
    Telecommunications Network Operators' Association; Sean Collins, KPMG
    Global Communications and Media Practice; Frederick Knops, Vice
    President and Partner, Booz Allen Hamilton; and Manoj Menon, Analyst,
    Frost & Sullivan, Singapore, among others.

    N. Srinath, Executive Director, VSNL comments, "It is a genuine
    honor to receive this prestigious award and be recognized as the 'Best
    Wholesale Carrier' in the industry among such an impressive group of
    competitors. This award demonstrates our commitment to delivering
    innovative, technologically advanced solutions and unparalleled
    customer service, while continuing to execute on our vision to become
    one of the world's leading global telecommunications providers."

    David Molony, Editor in Chief of Total Telecom Magazine and one of
    the judges on the global panel of experts for WCA says, "VSNL
    International claims the number one position in the international
    wholesale voice market with more than 17 billion minutes carried in
    the last year. The Company is already in an impressive position
    internationally, and is working hard to continue to get more
    multinationals on board. VSNL International's customers are impressed
    with its range of high quality competitively priced selective
    termination and broad code coverage. What was the Teleglobe, Tyco and
    ITXC businesses, now represents a formidable force in the global
    telecommunications industry."

    The 'Best Wholesale Carrier' award was accepted by Michel Guyot,
    President, Global Voice Services, at a gala dinner in the presence of
    more than 200 senior executives from leading telecommunications
    companies. The award category was open to wholesale telecom providers
    in wireline, fixed wireless, mobile or converged markets, and
    finalists included AT&T Wholesale Group, Belgacom International
    Carrier Services, Cogent Communications NetCentric, iBasis
    International Wholesale Voice Service, and TeliaSonera International
    Carrier. The World Communication Awards is widely acknowledged as the
    most trusted event of its kind in the global communications industry.

    Print quality photo available at
    http://www.stcassociates.com/clients/vsnl/VSNL_WCA_award-2006/

    About VSNL International

    VSNL International, the international arm of Videsh Sanchar Nigam
    Limited ("VSNL") (NYSE:VSL), is a leading global communications
    service provider offering a comprehensive portfolio of next-generation
    Carrier and Enterprise solutions, including Voice, Mobile, Data and
    Ethernet.

    VSNL International owns and operates one of the world's largest
    international mobile, voice and data networks providing global reach
    to over 240 countries and territories. In addition, VSNL International
    owns the world's largest designed global backbone capacity network,
    spanning across 4 continents and comprises of major ownership in
    206,356km of terrestrial network fibre-optic networks and sub-sea
    cables. It is also the largest carrier of Wholesale Voice globally.

    VSNL and VSNL International are a part of the Tata Group, a $22
    billion global conglomerate comprising 93 operating companies. VSNL
    International is headquartered in Singapore with regional offices in
    the North America, Europe and Asia Pacific.

    Visit us at www.vsnlinternational.com or our parent company, VSNL,
    at www.vsnl.co.in

    Forward-looking and cautionary statements

    Certain words and statements in this release concerning VSNL and
    its prospects, and other statements relating to VSNL's expected
    financial position, business strategy, the future development of
    VSNL's operations and the general economy in India, are
    forward-looking statements. These forward looking statements include,
    among others, statements concerning VSNL's communications and
    information services business, its advantages and VSNL's strategy for
    continuing to pursue its business, the anticipated development and
    launch of new services in its business, the anticipated dates on which
    VSNL will begin providing certain services or reach specific
    milestones in the development and implementation of its business
    strategy, the growth and recovery of the communications and
    information services, industry, expectations as to its future revenue,
    margins, expenses and capital requirements and other statements of
    expectations, beliefs, future plans and strategies, anticipated
    developments and other matters that are not historical facts. Such
    statements involve known and unknown risks, uncertainties and other
    factors, including financial, regulatory and environmental, as well as
    those relating to industry growth and trend projections, which may
    cause actual results, performance or achievements of VSNL, or industry
    results, to differ materially from those expressed or implied by such
    forward-looking statements. Such forward-looking statements are based
    on numerous assumptions regarding VSNL's present and future business
    strategies and the environment in which VSNL will operate in the
    future. The important factors that could cause actual results,
    performance or achievements to differ materially from such
    forward-looking statements include, among others, failure to increase
    the volume of traffic on VSNL's network, failure to develop new
    products and services that meet customer demands and generate
    acceptable margins, failure to successfully complete commercial
    testing of new technology and information systems to support new
    products and services, including voice transmission services, failure
    to stabilize or reduce the rate of price compression on certain of
    VSNL's communications services, failure to integrate strategic
    acquisitions such as the Tyco Global Network and Teleglobe
    International Holdings Limited and changes in government policies or
    regulations of India and, in particular, changes relating to the
    administration of VSNL's industry, and, in general, the economic,
    business and credit conditions in India. Additional factors that could
    cause actual results, performance or achievements to differ materially
    from such forward-looking statements, many of which are not in VSNL's
    control, include, but are not limited to, those risk factors discussed
    in VSNL's various filings with the United States Securities and
    Exchange Commission. These filings are available at www.sec.gov.