VSL Tata Comm Ltd Adr

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. 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.