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Perkins Precision Developments - Plate Polarizers LB 4/24

Tyco to Sell Undersea Fiber Network

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PEMBROKE, Bermuda, Nov. 1 -- Tyco International Ltd. announced it has agreed to sell its Tyco Global Network to Videsh Sanchar Nigam Ltd. (VSNL), the telecom unit of India's Tata group, for $130 million. The sale is subject to government approval in the US, India and other countries. Additional terms of the transaction were not disclosed. The Tyco Global Network (TGN) is a 60,000-km undersea fiber optic telecommunications network that straddles the US, Europe and Asia with terabits of bandwidth and is one of the 50 businesses Tyco International put up for sale last November. Tyco said the...Read full article

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    Published: November 2004
    Communicationsfiber opticsNews & FeaturesOpticstelecommunicationsTGNTycoTyco Global NetworkTyco Internationalundersea fiber opticsVidesh Sanchar NigamVSNL

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