Top Story


Home >> Digital >> Article

VSNL acquires Dishnet DSL for Rs 270 crore

Font Size   16
VSNL acquires Dishnet DSL for Rs 270 crore

The Tatas-owned Videsh Sanchar Nigam Ltd (VSNL) announced the acquisition of the Chennai based Dishnet DSL’s internet service provider (ISP) division for Rs 270 crore in a slump-sale transaction.

The acquisition includes internet assets, employees and customers of Dishnet’s ISP division. The move will further consolidate VSNL’s position in dial-up space and marks its foray into the broadband business.

In a media statement, VSNL said it has signed a slump sale agreement with Dishnet to take over the narrowband and broadband businesses of Dishnet’s ISP division.

The transaction is subject to fulfillment of certain conditions and some legal formalities, which are expected to be completed soon, the statement said.

It is learnt that VSNL is also looking at acquiring Tata Power’s broadband business that has been recently hived off into a separate company.

V Srinivasan, chief executive officer & director of Dishnet DSL, part of the Sterling Infotech group said, “ This divestment is in line with our group’s strategy to focus on wireless communication business.”

Through this acquisition, VSNL will have access to over 600 owned and franchised cybercafes of Dishnet and the broadband assets having capacity to serve more than 50,000 customers in key cities in the country.

Further, VSNL will now cover dial-up services in 20 additional locations in addition to VSNL’s existing 30 locations of operation.

N Srinath, director (operations),VSNL said, “The acquisition will strategically help VSNL consolidate its presence in internet space under the Tata Indicom banner by enlarging its footprint and giving it a headstart in broadband Internet.”


Chitresh Sinha, CEO, Chlorophyll Innovation Lab and Vivek Singh, Joint MD, Procam International speak exclusively with exchange4media on the upcoming #BeBetter Campaign for the TATA Mumbai Marathon

Abhishek Punia, Co-founder and COO of ARM Worldwide, tells about how they re-branded themselves from ARM Digital to ARM Worldwide and in the process marked their presence globally

Srinivasan opens up on what prompted their recent rebrand, their foray into bus depots and developing the software that displays Bengaluru Metropolitan Transport Corporation's (BMTC) Passenger Information System for all the major bus depots in Bangalore.

Software and Technology, Consulting, Healthcare seem to be increasingly using Webinars to engage with their clients and employees

Rahul Johri, CEO, Board of Control for Cricket in India (BCCI), spoke about the upcoming season of IPL and with Star India’s re-imagine approach, he made assured that this year will be a kickass seas...

At the “Dentsu Aegis Network-exchange4media Digital Advertising Conference,” Abrol shared insights on how digital is transforming the way they operate and grow

The Dentsu Aegis Network-exchange4media Digital Report 2018 that was unveiled on January 16, 2017