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FLAG, VSNL reach solution

MUMBAI, JULY 5. Reaching an amicable solution over the issue of access, the Reliance group entity FLAG Telecom and the Tata group-managed VSNL today announced that an agreement had been reached for the sale of 17 STM-1s on the FLAG Europe Asia (FEA) cable system into or from India. Under the terms of this agreement, which was reached on May 4, six STM-1s Westward and 11 STM-1s Eastward would become available immediately to the marketplace, the two companies said in a statement here today. — PTI

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