Mumbai: International telecommunications and Internet services provider Videsh Sanchar Nigam Ltd (VSNL) has signed an agreement to acquire Tyco Global Network, an operator of submarine cable system, for $ 130 million.

The acquisition is subject to Government approvals in US, India and other countries and would give the Tata company control over Tyco's network that spans 60,000 kms and three continents, VSNL sources said in Mumbai today (Nov 1, 2004).

The agreement is a part of the company's strategy to offer its enterprise and carrier customers seamless, end-to-end telecommunications solutions, they said.

"The agreement will also give our multinational customers a local point of contact for their entire network," they added.

The agreement with Tyco follows notice from the Federal Communications Commission, which granted VSNL America Inc to provide international telecommunications services from US.

VSNL America is the US subsidiary of the Tata group company.