VSNL Singapore Pte Ltd. ("VSNL International"), the international arm of Videsh Sanchar Nigam Limited (NYSE: VSL), announced today that Yahoo!, a leading global Internet company, chose VSNL International�s Teleglobe voice peering and termination services to exchange high quality VoIP (Voice over Internet Protocol) traffic on a global basis and provide premium international retail call termination for Yahoo!�s voice services. Yahoo! is using the Teleglobe VoIPLink� service, a fast, simple and cost effective way to bridge interoperability between VoIP networks, to terminate traffic anywhere in the world. Yahoo! is also utilizing the Teleglobe VTS Service to ensure high quality, cost effective retail termination for users of Yahoo! Voice�s Phone Out (PC-to-Phone) service worldwide. VSNL International is among a suite of providers delivering high-quality termination calling services for Yahoo! globally. �We are excited to be working with Yahoo! and supporting its Internet community with our innovative, high quality voice peering and termination services,� says Michel Guyot, President, Global Voice Services, VSNL International. �Consumer VoIP providers, such as Yahoo!, as well as ISP/Broadband providers today are looking to engage an experienced global partner to leverage the advantages of voice peering. In response to overwhelming market demand, we are customizing our global voice and peering services offerings to meet the needs of these providers.� As one of the world's largest international wholesale carriers with more than 415 combined direct and bilateral relationships with leading international voice telecommunications providers, VSNL International provides a full suite of global voice and voice peering services. Consumer VoIP, Broadband and ISP providers can access these voice peering capabilities and solutions, enabling true global reach and interoperability to support reliable, high-quality traffic exchange between multiple protocol networks. David James, a Principal Analyst at Ovum says, "Consumer VoIP, Broadband and Internet Service Providers require increasingly innovative and compelling voice services to meet the demands of their retail customers. To be a significant player in this market a wholesaler needs to have an extensive network footprint, a broad portfolio of voice-related services (including VoIP and VoIP-TDM interoperability), an extensive network of bilateral agreements, and a proven track-record in the international voice market.� The Teleglobe premiere voice peering product, VoIPLink, is currently being utilized by over 450 customers. Currently, there are two VoIPLink Interconnection products which allow for reliable, high-quality voice traffic exchange: Interdomain, which offers direct access to the VSNL International network for customers managing entire VoIP networks and Gateway Direct, which provides direct access to the network for customers using stand-alone gateways for all call signaling, control and media. VSNL International provides this interoperable service with a diverse list of VoIP equipment, software and protocols. Further information regarding VSNL International�s suite of voice services can be found at www.vsnlinternational.com. 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 one of the largest carriers 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), announced today that Yahoo!, a leading global Internet company, chose VSNL International's Teleglobe voice peering and termination services to exchange high quality VoIP (Voice over Internet Protocol) traffic on a global basis and provide premium international retail call termination for Yahoo!'s voice services. Yahoo! is using the Teleglobe VoIPLink(TM) service, a fast, simple and cost effective way to bridge interoperability between VoIP networks, to terminate traffic anywhere in the world. Yahoo! is also utilizing the Teleglobe VTS Service to ensure high quality, cost effective retail termination for users of Yahoo! Voice's Phone Out (PC-to-Phone) service worldwide. VSNL International is among a suite of providers delivering high-quality termination calling services for Yahoo! globally. "We are excited to be working with Yahoo! and supporting its Internet community with our innovative, high quality voice peering and termination services," says Michel Guyot, President, Global Voice Services, VSNL International. "Consumer VoIP providers, such as Yahoo!, as well as ISP/Broadband providers today are looking to engage an experienced global partner to leverage the advantages of voice peering. In response to overwhelming market demand, we are customizing our global voice and peering services offerings to meet the needs of these providers." As one of the world's largest international wholesale carriers with more than 415 combined direct and bilateral relationships with leading international voice telecommunications providers, VSNL International provides a full suite of global voice and voice peering services. Consumer VoIP, Broadband and ISP providers can access these voice peering capabilities and solutions, enabling true global reach and interoperability to support reliable, high-quality traffic exchange between multiple protocol networks. David James, a Principal Analyst at Ovum says, "Consumer VoIP, Broadband and Internet Service Providers require increasingly innovative and compelling voice services to meet the demands of their retail customers. To be a significant player in this market a wholesaler needs to have an extensive network footprint, a broad portfolio of voice-related services (including VoIP and VoIP-TDM interoperability), an extensive network of bilateral agreements, and a proven track-record in the international voice market." The Teleglobe premiere voice peering product, VoIPLink, is currently being utilized by over 450 customers. Currently, there are two VoIPLink Interconnection products which allow for reliable, high-quality voice traffic exchange: Interdomain, which offers direct access to the VSNL International network for customers managing entire VoIP networks and Gateway Direct, which provides direct access to the network for customers using stand-alone gateways for all call signaling, control and media. VSNL International provides this interoperable service with a diverse list of VoIP equipment, software and protocols. Further information regarding VSNL International's suite of voice services can be found at www.vsnlinternational.com. 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 one of the largest carriers 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.
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