Tech Shout!

The Board of VSNL, has approved a proposal to change the name of the company to Tata Communications Limited. The new name and identity will help the company leverage the immense brand equity that has come to be associated with the Tata Group and the tremendous global recognition that the Group has received in recent years.

VSNL (Videsh Sanchar Nigam Limited) is a global communications solutions company that offers next-generation voice, data and value-added services to enterprises, carriers and retail consumers.

According to Mr. N Srinath, Managing Director & CEO of VSNL, “The change in the company’s name is a major step in our commitment to customers, partners and stakeholders. Tata Communications reiterates a focus on the global communications business where we are a major player; at the same time, it reflects our strong heritage and leadership position in India.”

VSNL’s growth in the last five years has been aided by several acquisitions both in India and abroad.

The change in name is subject to obtaining required statutory approvals including that of the company’s shareholders.

The brand change will be unveiled globally through an integrated brand campaign.

Besides, VSNL has announced its financial results for the second quarter of 2007-08. the company has reported a total stand-alone income of Rs.2,025 crore for the half year ended September 30, 2007 against Rs.1,956 crore for the half year ended September 30, 2006.