Kelley Drye Represents VSNL in Purchase of Tyco Global Network For $130M
December 22, 2004
Kelley Drye represented client Videsh Sanchar Nigam Ltd. (VSNL), India’s leading provider of international telecommunications and Internet services, in the acquisition of Tyco Global Network for $130 million. The acquisition, which remains subject to governmental approval in the United States, India and other countries, will give VSNL control over a network that spans more than 37,000 miles and three continents. VSNL is a part of the Tata Group, which is listed on the New York Stock Exchange.