India's VSNL buys US cable firm (BBC)

VSNL is to buy US-based undersea cable system firm Tyco Global Network for $130m (£71m). This will give the Tata Group, the majority-owner of VSNL, a submarine network linking three continents. The deal is in response to Reliance buying Flag Telecom earlier this year.

Tata's might introduce an international calling plan similar to Reliance's recent offering. Good news for NRIs!