Reliance accusations false: VSNL

Following Reliance Communications' announcement last week accusing Videsh Sanchar Nigam Limited of delaying implementation of an international tribunal order, VSNL said on Wednesday the announcement contained false and disparaging imputations against it.

The accusations were neither justified nor supported by facts, VSNL said.

In a filing on the Bombay Stock Exchange on Tuesday, the company said announcements made by Reliance Communications alleging monopolistic and anti-competitive practices by VSNL indicated a clear malafide on the part of Flag Telecom and RCOM under the guise of a corporate announcement and was done to harm the reputation of the Tata group company.

Last week, RCOM had accused the telecom services provider of delaying implementation of International Chambers of Commerce Arbitration

Tribunal's order allowing landing access to its group company Flag Telecom in Mumbai by taking the matter to a Dutch court.

RCOM had said this move was a violation of the agreement that VSNL had earlier signed with it in this regard.

It had also accused VSNL of delaying implementation of the award with a view to continue monopolistic practices in India, which would harm the ultimate users of international capacity such as ITEs/BPO due to exorbitant bandwidth prices maintained by VSNL.

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