| Following Reliance Communications announcement last week accusing VSNL of delaying the implementation of an international tribunal order, VSNL today said the announcement contained false and disparaging imputations against the company not justified or supported by facts. According to a release issued by VSNL to the BSE yesterday, the company said announcements made by Reliance Communications alleging monopolistic and anti-competitive practices by VSNL indicated clear malafide intentions on the part of Flag Telecom and Reliance Communications under the guise of a corporate announcement and was done to harm the reputation of the Tata group company. Reliance Communications had accused VSNL of delaying implementation of the International Chambers of Commerce (ICC) Arbitration Tribunal's order allowing landing access to its group company Flag Telecom in Mumbai by taking the matter to a Dutch court. Reliance Communications had said the move was a violation of the agreement that VSNL had earlier signed with it in this regard. |


