Tags: Best Wholesale Carrier, Telecoms World Awards, Terrapinn, VSNL

VSNL (NYSE:VSL), a leading communications solutions provider, was named the ‘Best Wholesale Carrier’ at the 2007 Telecoms World Awards, Middle East. The Awards, which were held in conjunction with the 2007 Telecoms World Middle East event in Dubai, honor excellence in the region’s telecoms industry.

Terrapinn created the Telecoms World Awards to identify and reward those companies and individuals who demonstrated an unparalleled ability to succeed, continually set standards of excellence, and who will be the future leaders of the industry. This year over 100 companies submitted their services for consideration for the nine awards distributed at the ceremony and was hosted in association with Promoseven.

VSNL was chosen as ‘Best Wholesale Carrier’ by a panel of respected, independent judges based on outstanding performance and uniqueness of offering in areas such as quality, connectivity, global reach, cost and customer care approach, as well as for the company’s IP presence in the region.

“It is an honor to be recognized as the ‘Best Wholesale Carrier’ at the Telecoms World Awards Middle East among such an impressive group of competitors,” commented Michel Guyot, President, Global Voice Solutions, VSNL. “This award demonstrates our commitment to delivering unparalleled customer service and innovative, technologically advanced solutions to a burgeoning region of the world, while continuing to execute on our vision internationally.”

Radwan Moussalli, Managing Director - MENA, Teleglobe, a VSNL subsidiary, accepted the award for ‘Best Wholesale Carrier’ on behalf of VSNL at a dinner in the presence of more than 250 senior executives from leading telecommunications companies. Mr. Moussalli commented: “VSNL’s broad IP presence in the Middle East region allows the Company to offer our global customers top-quality, streamlined services, ensuring our position as a key player in the market.”

The award category was open to wholesale telecom providers in wireline, fixed wireless, mobile or converged markets, and finalists included Belgacom International Carrier Services, BT Global Services, France Telecom and Tiscali International.

“VSNL is one of the world’s largest providers of wholesale international voice services with more than 25 billion minutes carried in the last year,” said Matthew Wallhead, General Manager of Terrapinn. “VSNL’s entry impressed with its range of high quality competitively priced selective termination and broad code coverage. The Company now represents a formidable force in the global telecommunications industry.”

About VSNL

Videsh Sanchar Nigam Limited, along with its global subsidiaries (VSNL) is a leading global communications solutions company offering next-generation voice, data and value-added services to enterprises, carriers and retail consumers. A member of the $29 billion Tata Group, VSNL was voted the Best Wholesale Service Provider at the World Communications Awards, 2006. VSNL is one of the world’s largest providers of wholesale international voice services and operates one of the largest global submarine cable networks. VSNL’s customer base includes 1,500 carriers, 450 mobile operators, 10,000 enterprises, 500,000 broadband and Internet subscribers and 450 Wi-Fi public hotspots.

Rated amongst the Top 100 Emerging Global Challengers by the Boston Consulting Group, VSNL has offices in over 35 countries including the United States of America, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, Sri Lanka and India. VSNL’s global transmission network of over 200,000 route kilometers and its IP core with 200 points of presence, enable a range of services that include voice, private leased circuits, IP VPN, Internet access, global Ethernet, hosting, mobile signaling and other IP services.

Videsh Sanchar Nigam Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India, and its American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE:VSL).

www.vsnl.com

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 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.
Contacts

VSNL
Isabelle Turcotte, +1 514-868-7505
isabelle.turcotte@vsnlinternational.com
or
STC Associates
Kristen Massaro, + 1 212-725-1900 ext. 229
kristen@stcassociates.com
or
Vaishnavi Corporate Comm
Sanjay Chaudhary, + 91 9212743191
sanjayc@vccpl.com