VSNL International Named 'Best Wholesale Carrier' at the 2006 World Communication AwardsLONDON - World Communication Awards 2006

  
    
  
  
    
      VSNL Singapore Pte Ltd. ("VSNL International"), the international arm of 
      Videsh Sanchar Nigam Limited (NYSE: VSL) was named the ‘Best 
      Wholesale Carrier’ at the 2006 World 
      Communication Awards (WCA), which honors companies responsible for the 
      innovations, achievements and impressive new services that are helping 
      to build the future of the telecommunications industry. This year’s 
      honors were the most competitive in WCA’s 
      eight year history with 254 companies submitting their services for 
      consideration.
    
    
      VSNL International & Teleglobe, the flagship wholesale brands were 
      chosen as ‘Best Wholesale Carrier’ 
      by a panel of respected, independent judges based on outstanding 
      performance and true differentiation in the areas of quality of service, 
      scope of service portfolio, technological innovation, revenue growth, 
      customer service and evidence of a strong strategic vision and future 
      growth potential. Judges included Kenneth Cukier, Technology & Public 
      Policy Editor, The Economist; Michael Bartholomew, Director, The 
      European Telecommunications Network Operators' Association; Sean 
      Collins, KPMG Global Communications and Media Practice; Frederick Knops, 
      Vice President and Partner, Booz Allen Hamilton; and Manoj Menon, 
      Analyst, Frost & Sullivan, Singapore, among others.
    
    
      N. Srinath, Executive Director, VSNL comments, "It is a genuine honor to 
      receive this prestigious award and be recognized as the ‘Best 
      Wholesale Carrier’ in the industry among such 
      an impressive group of competitors. This award demonstrates our 
      commitment to delivering innovative, technologically advanced solutions 
      and unparalleled customer service, while continuing to execute on our 
      vision to become one of the world’s leading 
      global telecommunications providers.”
    
    
      David Molony, Editor in Chief of Total Telecom Magazine and one of the 
      judges on the global panel of experts for WCA says, “VSNL 
      International claims the number one position in the international 
      wholesale voice market with more than 17 billion minutes carried in the 
      last year. The Company is already in an impressive position 
      internationally, and is working hard to continue to get more 
      multinationals on board. VSNL International’s 
      customers are impressed with its range of high quality competitively 
      priced selective termination and broad code coverage. What was the 
      Teleglobe, Tyco and ITXC businesses, now represents a formidable force 
      in the global telecommunications industry.”
    
    
      The ‘Best Wholesale Carrier’ 
      award was accepted by Michel Guyot, President, Global Voice Services, at 
      a gala dinner in the presence of more than 200 senior executives from 
      leading telecommunications companies. The award category was open to 
      wholesale telecom providers in wireline, fixed wireless, mobile or 
      converged markets, and finalists included AT&T Wholesale Group, Belgacom 
      International Carrier Services, Cogent Communications NetCentric, iBasis 
      International Wholesale Voice Service, and TeliaSonera International 
      Carrier. The World Communication Awards is widely acknowledged as the 
      most trusted event of its kind in the global communications industry.
    
    
      Print quality photo available at http://www.stcassociates.com/clients/vsnl/VSNL_WCA_award-2006/
    
    
      About VSNL International
    
    
      VSNL International, the international arm of Videsh Sanchar Nigam 
      Limited ("VSNL") (NYSE:VSL), is a leading global communications service 
      provider offering a comprehensive portfolio of next-generation Carrier 
      and Enterprise solutions, including Voice, Mobile, Data and Ethernet.
    
    
      VSNL International owns and operates one of the world’s 
      largest international mobile, voice and data networks providing global 
      reach to over 240 countries and territories. In addition, VSNL 
      International owns the world’s largest 
      designed global backbone capacity network, spanning across 4 continents 
      and comprises of major ownership in 206,356km of terrestrial network 
      fibre-optic networks and sub-sea cables. It is also the largest carrier 
      of Wholesale Voice globally.
    
    
      VSNL and VSNL International are a part of the Tata Group, a $22 billion 
      global conglomerate comprising 93 operating companies. VSNL 
      International is headquartered in Singapore with regional offices in the 
      North America, Europe and Asia Pacific.
    
    
      Visit us at www.vsnlinternational.com 
      or our parent company, VSNL, at www.vsnl.co.in
    
    
      Forward-looking and cautionary statements
    
    
      Certain words and statements in this release concerning VSNL and its 
      prospects, and other statements relating to VSNL’s 
      expected financial position, business strategy, the future development 
      of VSNL’s operations and the general economy 
      in India, are forward-looking statements. These forward looking 
      statements include, among others, statements concerning VSNL’s 
      communications and information services business, its advantages and VSNL’s 
      strategy for continuing to pursue its business, the anticipated 
      development and launch of new services in its business, the anticipated 
      dates on which VSNL will begin providing certain services or reach 
      specific milestones in the development and implementation of its 
      business strategy, the growth and recovery of the communications and 
      information services, industry, expectations as to its future revenue, 
      margins, expenses and capital requirements and other statements of 
      expectations, beliefs, future plans and strategies, anticipated 
      developments and other matters that are not historical facts. Such 
      statements involve known and unknown risks, uncertainties and other 
      factors, including financial, regulatory and environmental, as well as 
      those relating to industry growth and trend projections, which may cause 
      actual results, performance or achievements of VSNL, or industry 
      results, to differ materially from those expressed or implied by such 
      forward-looking statements. Such forward-looking statements are based on 
      numerous assumptions regarding VSNL’s present 
      and future business strategies and the environment in which VSNL will 
      operate in the future. The important factors that could cause actual 
      results, performance or achievements to differ materially from such 
      forward-looking statements include, among others, failure to increase 
      the volume of traffic on VSNL’s network, 
      failure to develop new products and services that meet customer demands 
      and generate acceptable margins, failure to successfully complete 
      commercial testing of new technology and information systems to support 
      new products and services, including voice transmission services, 
      failure to stabilize or reduce the rate of price compression on certain 
      of VSNL’s communications services, failure to 
      integrate strategic acquisitions such as the Tyco Global Network and 
      Teleglobe International Holdings Limited and changes in government 
      policies or regulations of India and, in particular, changes relating to 
      the administration of VSNL’s industry, and, 
      in general, the economic, business and credit conditions in India. 
      Additional factors that could cause actual results, performance or 
      achievements to differ materially from such forward-looking statements, 
      many of which are not in VSNL’s control, 
      include, but are not limited to, those risk factors discussed in VSNL’s 
      various filings with the United States Securities and Exchange 
      Commission. These filings are available at www.sec.gov.
    
  
VSNL Singapore Pte Ltd. ("VSNL International"), the international
arm of Videsh Sanchar Nigam Limited (NYSE: VSL) was named the 'Best
Wholesale Carrier' at the 2006 World Communication Awards (WCA), which
honors companies responsible for the innovations, achievements and
impressive new services that are helping to build the future of the
telecommunications industry. This year's honors were the most
competitive in WCA's eight year history with 254 companies submitting
their services for consideration.

   VSNL International & Teleglobe, the flagship wholesale brands were
chosen as 'Best Wholesale Carrier' by a panel of respected,
independent judges based on outstanding performance and true
differentiation in the areas of quality of service, scope of service
portfolio, technological innovation, revenue growth, customer service
and evidence of a strong strategic vision and future growth potential.
Judges included Kenneth Cukier, Technology & Public Policy Editor, The
Economist; Michael Bartholomew, Director, The European
Telecommunications Network Operators' Association; Sean Collins, KPMG
Global Communications and Media Practice; Frederick Knops, Vice
President and Partner, Booz Allen Hamilton; and Manoj Menon, Analyst,
Frost & Sullivan, Singapore, among others.

   N. Srinath, Executive Director, VSNL comments, "It is a genuine
honor to receive this prestigious award and be recognized as the 'Best
Wholesale Carrier' in the industry among such an impressive group of
competitors. This award demonstrates our commitment to delivering
innovative, technologically advanced solutions and unparalleled
customer service, while continuing to execute on our vision to become
one of the world's leading global telecommunications providers."

   David Molony, Editor in Chief of Total Telecom Magazine and one of
the judges on the global panel of experts for WCA says, "VSNL
International claims the number one position in the international
wholesale voice market with more than 17 billion minutes carried in
the last year. The Company is already in an impressive position
internationally, and is working hard to continue to get more
multinationals on board. VSNL International's customers are impressed
with its range of high quality competitively priced selective
termination and broad code coverage. What was the Teleglobe, Tyco and
ITXC businesses, now represents a formidable force in the global
telecommunications industry."

   The 'Best Wholesale Carrier' award was accepted by Michel Guyot,
President, Global Voice Services, at a gala dinner in the presence of
more than 200 senior executives from leading telecommunications
companies. The award category was open to wholesale telecom providers
in wireline, fixed wireless, mobile or converged markets, and
finalists included AT&T Wholesale Group, Belgacom International
Carrier Services, Cogent Communications NetCentric, iBasis
International Wholesale Voice Service, and TeliaSonera International
Carrier. The World Communication Awards is widely acknowledged as the
most trusted event of its kind in the global communications industry.

   Print quality photo available at
http://www.stcassociates.com/clients/vsnl/VSNL_WCA_award-2006/

   About VSNL International

   VSNL International, the international arm of Videsh Sanchar Nigam
Limited ("VSNL") (NYSE:VSL), is a leading global communications
service provider offering a comprehensive portfolio of next-generation
Carrier and Enterprise solutions, including Voice, Mobile, Data and
Ethernet.

   VSNL International owns and operates one of the world's largest
international mobile, voice and data networks providing global reach
to over 240 countries and territories. In addition, VSNL International
owns the world's largest designed global backbone capacity network,
spanning across 4 continents and comprises of major ownership in
206,356km of terrestrial network fibre-optic networks and sub-sea
cables. It is also the largest carrier of Wholesale Voice globally.

   VSNL and VSNL International are a part of the Tata Group, a $22
billion global conglomerate comprising 93 operating companies. VSNL
International is headquartered in Singapore with regional offices in
the North America, Europe and Asia Pacific.

   Visit us at www.vsnlinternational.com or our parent company, VSNL,
at www.vsnl.co.in

   Forward-looking and cautionary statements

   Certain words and statements in this release concerning VSNL and
its prospects, and other statements relating to VSNL's expected
financial position, business strategy, the future development of
VSNL's operations and the general economy in India, are
forward-looking statements. These forward looking statements include,
among others, statements concerning VSNL's communications and
information services business, its advantages and VSNL's strategy for
continuing to pursue its business, the anticipated development and
launch of new services in its business, the anticipated dates on which
VSNL will begin providing certain services or reach specific
milestones in the development and implementation of its business
strategy, the growth and recovery of the communications and
information services, industry, expectations as to its future revenue,
margins, expenses and capital requirements and other statements of
expectations, beliefs, future plans and strategies, anticipated
developments and other matters that are not historical facts. Such
statements involve known and unknown risks, uncertainties and other
factors, including financial, regulatory and environmental, as well as
those relating to industry growth and trend projections, which may
cause actual results, performance or achievements of VSNL, or industry
results, to differ materially from those expressed or implied by such
forward-looking statements. Such forward-looking statements are based
on numerous assumptions regarding VSNL's present and future business
strategies and the environment in which VSNL will operate in the
future. The important factors that could cause actual results,
performance or achievements to differ materially from such
forward-looking statements include, among others, failure to increase
the volume of traffic on VSNL's network, failure to develop new
products and services that meet customer demands and generate
acceptable margins, failure to successfully complete commercial
testing of new technology and information systems to support new
products and services, including voice transmission services, failure
to stabilize or reduce the rate of price compression on certain of
VSNL's communications services, failure to integrate strategic
acquisitions such as the Tyco Global Network and Teleglobe
International Holdings Limited and changes in government policies or
regulations of India and, in particular, changes relating to the
administration of VSNL's industry, and, in general, the economic,
business and credit conditions in India. Additional factors that could
cause actual results, performance or achievements to differ materially
from such forward-looking statements, many of which are not in VSNL's
control, include, but are not limited to, those risk factors discussed
in VSNL's various filings with the United States Securities and
Exchange Commission. These filings are available at www.sec.gov.