{"id":629,"date":"2007-02-08T14:27:10","date_gmt":"2007-02-08T08:57:10","guid":{"rendered":"http:\/\/www.chiragmehta.info\/chirag\/2007\/02\/08\/vsnl-faces-406-m-claim-from-flag\/"},"modified":"2007-02-08T14:27:10","modified_gmt":"2007-02-08T08:57:10","slug":"vsnl-faces-406-m-claim-from-flag","status":"publish","type":"post","link":"https:\/\/www.chiragmehta.info\/chirag\/2007\/02\/08\/vsnl-faces-406-m-claim-from-flag\/","title":{"rendered":"VSNL faces $406-m claim from FLAG"},"content":{"rendered":"<p>The long-standing dispute between <strong>Tata<\/strong>-controlled Videsh Sanchar Nigam Ltd (<strong>VSNL<\/strong>) and <strong>FLAG<\/strong> Telecom, part of the <strong>Anil Dhirubhai<\/strong> Ambani Group (<strong>ADAG<\/strong>), over the FLAG Europe-Asia cable system has <strong>worsened<\/strong>, with FLAG moving the International Chamber of Commerce (ICC) seeking \u00e2\u20ac\u0153<strong>monetary relief\u00e2\u20ac\u009d of $406 million,<\/strong> plus interest, from VSNL.<\/p>\n<p>On 6 Feb,<strong> VSNL told BSE<\/strong> that it had received communication from FLAG seeking compensation. VSNL will study the claim and file its response with ICC \u00e2\u20ac\u0153in due course.\u00e2\u20ac\u009d Responding to the news, <strong>VSNL stock plunged 3.4%<\/strong> on Tuesday on the BSE to end at Rs 488.50, compared with Rs 505.70 on Monday.<\/p>\n<p><em>The dispute between the two companies started a few\u00e2\u20ac\u00a6\u00e2\u20ac\u00a6\u00e2\u20ac\u00a6\u00e2\u20ac\u00a6\u00e2\u20ac\u00a6\u00e2\u20ac\u00a6.<\/em><\/p>\n<p>Read More @ : <a href=\"http:\/\/www.financialexpress.com\/fe_full_story.php?content_id=154004\">Financialexpress<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The long-standing dispute between Tata-controlled Videsh Sanchar Nigam Ltd (VSNL) and FLAG Telecom, part of the Anil Dhirubhai Ambani Group (ADAG), over the FLAG Europe-Asia cable system has worsened, with FLAG moving the International Chamber of Commerce (ICC) seeking \u00e2\u20ac\u0153monetary relief\u00e2\u20ac\u009d of $406 million, plus interest, from VSNL. On 6 Feb, VSNL told BSE that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[13,14],"class_list":["post-629","post","type-post","status-publish","format-standard","hentry","tag-tata","tag-telecom-networking","post-preview"],"_links":{"self":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/comments?post=629"}],"version-history":[{"count":0,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/posts\/629\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/media?parent=629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/categories?post=629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chiragmehta.info\/chirag\/wp-json\/wp\/v2\/tags?post=629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}