Monday, November 01, 2004

Tyco and Tata India

Tyco and Tata said the world's most advanced and extensive submarine cable system will be transferred to Tata's Videsh Sanchar Nigam Ltd. (VSNL) for $130 million. Tyco positioned the network for sale last year by writing down the value of the network by $1.2 billion. During the height of the telecom bubble, the network had a market valuation of more than $3 billion.

Another article here .. Corporate America is now being outsourced to India !!

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