Acquisition Will Aid VSNL’s Strategy to be a
One-Stop Telecommunications Provider for Global Businesses
NEW YORK, /PRNewswire-FirstCall/ Videsh Sanchar Nigam Limited (VSNL) (NYSE: VSL — News), India’s leading provider of international telecommunications and Internet services, today announced that the company has agreed to acquire Tyco Global Network, one of the world’s most advanced and extensive submarine cable systems for $130 million. The acquisition, which remains subject to government approval in the United States, India and other countries, would give VSNL control over a network that spans 60,000 kilometers (37,280 miles) and three continents.
«The agreement is a major step forward in our ongoing drive to offer our enterprise and carrier customers seamless, end-to-end telecommunications solutions that circle the globe,» said Mr. N. Srinath, Director of Operations, VSNL. «This agreement, coupled with the submarine cable we plan to launch shortly connecting India with Singapore, will give customers a new choice in global data services. Furthermore, the timing of this transaction is well suited to our international expansion plans.»
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It’s the perfect time of year for customers to replace their cable with DIRECTV(R) service
ATLANTA, /PRNewswire/ BellSouth (NYSE: BLS — News) announced today that residential customers who sign up for new DIRECTV® service from BellSouth and subscribe to HBO® and Cinemax® with a one-year commitment to any qualifying programming package between Oct. 31, 2004 and Feb. 28, 2005, will receive three free months of HBO® and Cinemax®. (1)
Customers will receive seven channels of HBO®, which brings viewers original programming and hits such as The Sopranos®, Carnivale® and Six Feet Under®, feature movies like «Master & Commander: The Far Side Of The World» and «Mystic River» and sporting events including World Championship Boxing. Movie-lovers can turn to Cinemax® for first-run theatrical and exclusive Hollywood premieres and the largest variety of top box office releases, like «Matrix Revolutions» and «Big Fish». Together, these channels provide big screen entertainment your entire family will enjoy. In the fourth month, customers’ HBO® and Cinemax® subscriptions will automatically roll to payable monthly charges.
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CALGARY, AB (MARKET WIRE) Cybersurf Corp. («Cybersurf» or the «Company»)
(TSX-V: CY), one of Canada’s leading Internet technology and service companies, today announced the results of the Annual and Special Meeting of Shareholders held on October 29, 2004. Approximately 68% of the outstanding shares were represented in person or by proxy at the meeting, constituting a quorum. Shareholders
re-elected James Milliken, Paul Mercia, Roy Graydon and Jay Roberge to the Board of Directors, and appointed Deloitte & Touche LLP as auditors of the Company.
Shareholders also ratified the Company’s Shareholder Rights Plan, which will now continue until November 8, 2006. Cybersurf management confirms overwhelming support for the Shareholder Rights Plan. Of the 21,346,982 shares voted (representing 64% of the outstanding shares), 99% voted to ratify the Shareholder Rights Plan. Shareholders also approved an amendment to the Company’s Stock Option Plan.
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The Dallas Morning News
By Ricardo Sandoval
Billionaire telecommunications wizard Carlos Slim Helu has rarely met a business challenge he could not beat.
Slim Helu, meet VoIP.
Voice over Internet Protocol _ an emerging technology that pushes digitized voice data over broadband Internet networks _ has got more and more Mexicans using Internet phones to ring family and friends across the country and across the border into the United States.
Until recently, that lucrative telecom traffic had to rely on Slim’s Telefonos de Mexico, or Telmex. But as VoIP’s price decreases and its ease of use increases for average consumers, Telmex is expected to see its share shrink, experts say.
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