Videsh Sanchar Nigam Ltd. is a government owned monopolistic provider of international telephony services
It also provides telex and telegraph services as well as leased lines,e-mail,internet and video-conferencing.Till recently VNSL had the rights to be the only provider of international payment gateways
wever recently other private parties have been given the facility of providing gateways which will intensify competition for VSNL.Though traffic volume and internet subscriber base have grown by 16% and 72% respectively revenues have not increased that much due to a fall in tariff rates. The main reduction for the profits has been the writeoff of investments in ICO Global Communications, its subsidiary to the extent of Rs 5127 m.
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