Tata Communications lose case to Reliance
Tuesday, April 08, 2008The district court of Netherlands ruled that Tata Communications must give Flag Telecom, now part of Reliance Communication, access to its landing station in Mumbai, which is owned by Tata Communications, erstwhile VSNL. Tata Communications will be ordered to pay the cost of the proceedings, said the court order.
The dispute between the two companies goes back a few years when Flag accused VSNL of denying it free access to its cable landing station and of therefore having a monopolistic hold on bandwidth prices.
Flag wanted access for enhancing the capacity of its cable system. However, VSNL said that it was not under obligation to grant access under the construction and maintenance agreement between the two parties.
Recent Corporate Earnings / Breaking News
- Ashok Leyland march Sales up 27%
- Pyramid Saimira Group to launch 10 films
- Nitin Fire acquires 40% stake in Dubai's New Age C...
- No Assurance by Steel Industry to Hold or Cut HRC ...
- BHEL - The Best is Behind us
- Ranbaxy launches worlds first Bio-generic recombin...
- Wipro to implement iflex's products
- CII + NIIT to Educate Africans
- Satyam Computer MOU with CIPET, Hyderabad
- Infosys-Boeing Award + Royal Orchid Acquisition