VSNL to acquire Primus India

10 May 2006

India’s incumbent international telephony provider Videsh Sanchar Nigam Ltd (VSNL) has agreed to acquire internet access company Direct Internet Ltd and its wholly owned subsidiary Primus Telecommunications India Ltd (PTIL), for INR750 million (USD16.7 million). PTIL provides internet services to enterprise and retail customers in India. Direct Internet is currently 85% owned by Primus Telecommunications Group, with the remainder held by Direct’s employees. The deal is expected to be completed in June.

India, Tata Communications