Reliance, MCI Worldcom, and Concert Interested in VSNL.(Videsh Sanchar Nigam Ltd. divestment)(Brief Article)

Seventy-two hours after the announcement that 25 percent of Videsh Sanchar Nigam Ltd. (VSNL) will be disinvested to a strategic partner, Concert, MCI Worldcom, and Reliance have offered to buy shares, European and Asian telecom companies, however, don't seem overly eager to grab a slice of VSNL.

Europe-based telecom carriers, France Telecom and Deutsche Telekom, said that they were not interested in VSNL. Sources in Bharti, speaking on behalf of its partner, SingTel, indicated that the Singapore company wasn't interested either. It appears that two US-based telecom giants, Concert and MCI Worldcom, could be interested because of the high traffic between the US and India, although no one from these companies was available for comment. BT managing director, Arun...

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