Financial Daily from THE HINDU group of publications
Wednesday, May 04, 2005
Financial Daily from THE HINDU group of publications Wednesday, May 04, 2005 |
|
|
|
|
|
Info-Tech
-
Telecommunications VSNL gets US regulatory nods for Tyco buy Our Bureau
Mumbai , May 3 VIDESH Sanchar Nigam Ltd on Tuesday said that it has received all the major regulatory approvals necessary for the transfer of the Tyco Global Network landing station licences from Tyco to VSNL, including that from the Federal Communications Commission of the US. The FCC approved VSNL's application on April 29 this year, said a news release from VSNL. VSNL's agreement to buy the 60,000 km Tyco submarine cable system for $130 million (not including the assumption of certain liabilities) was announced in November last. The FCC approval culminates a nearly six-month process that included a formal review by the Committee on Foreign Investment, the Department of Homeland Security, the Departments of Defence and Justice, the Federal Bureau of Investigation and other agencies, said the release.
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|