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 !!
Monday, November 01, 2004
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