Website: N/A
Stock Symbol: NYSE: TCL
Market Value: N/A (in millions)
Videsh Sanchar Nigam Limited was incorporated on March 19, 1986 as a limited
liability company under the Indian Companies Act. On April 1, 1986, the Company
assumed control and management of all of the assets, employees and operations of
the Overseas Communications Service, a department of the Ministry of
Communications of the Government of India. The Company was wholly owned by the
Government of India until 1992. During 1997 and 1999, the Government sold some
of its equity holdings in the Company through the issuance of global depositary
receipts (“GDRs”). These GDRs were converted into ADRs upon the Company’s
listing on the New York Stock Exchange on August 15, 2000.