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Videsh Sanchar Nigam (VSND)

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Tuesday 21 March, 2000

Videsh Sanchar Nigam

Memo. of Understanding,etc

Videsh Sanchar Nigam Limited
20 March 2000


LETTER DATED: 16 March 2000

Letter to Company Announcements Office

Sub: Association of VSNL with Indiainfo.com

This is to inform you that Memorandum of Understanding (MoU), has been signed
between VSNL and Indiainfo.com for a period of 3 years.  After signing
definitive agreements in due course, Indiainfo.com will become the default home
page for all current and future VSNL subscribers.  VSNL and Indiainfo.com will
promote a single integrated co-branded portal  that will
offer all Indiainfo.com content, commerce, utilities and services to current and
future VSNL subscribers.

As per the agreement, VSNL will have 30% equity stake in indiainfo.com and will
also share the revenues generated by the portal as above to an extent of 20%
with minimum commitments amounting to Rs.201 crore over the 3-year period of the
agreement.

Letter from Videsh Sanchar Nigam Limited.

                                                   

a d v e r t i s e m e n t