VSNL Seamless Services Limited likely to list on the stock markets abroad.
VSNL Seamless Services Ltd. is likely to tap the capital markets abroad in order to fund its expansion plans.
VSNL Seamless Services Limited is a wholly owned subsidiary of Videsh Sanchar Nigam Limited (VSNL) and is engaged in the business of Internet and related value added services such as e-commerce etc. VSNL is a government owned telecom major that also provides Internet related services.
VSNL will hold 50% of the stake in the company, with the balance going in to strategic partners and overseas investors.
This will enable VSNL to focus on core areas, which include gateway services, fibre optics and leased carrier services. Presently Internet related business contributes Rs 2,500 m of the companyís turnover and is likely to double in the course of the next two years.
The present move will enable both the companies to focus on the niche areas and add to the bottomline of the company.
This will also enable VSNL Seamless Services Limited to provide better services to itís current subscriber base of 330,000. This has become vitally important in view of the mushrooming of Internet service providers which requires the provision of quality Internet services at reasonable prices.
In order to combat the proliferation of private Internet service providers, VSNL Seamless Services Ltd. is planning to increase its bandwidth and also bring down its prices.
The proposed listing on mostly NASDAQ will raise resources for the improvement in the quality of services and the expansion of services.
More Views on News
Sorry! There are no related views on news for this company/sector.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India. Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407