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Videsh Sanchar Nigam Ltd has acquired the narrowband and broadband businesses of Dishnet's Internet service provider division for Rs 270 crore (Rs 2.70 billion).
VSNL has signed a slump sale agreement with Dishnet for this acquisition, the company informed the Bombay Stock Exchange on Friday.
This acquisition would help VSNL strengthen and consolidate its presence in the Internet and broadband space, it added.