VSNL executive director N Srinath named Telecom Asia's 'CEO
of the Year'
Mumbai, April 24, 2006: In a significant honour, VSNL's
Executive Director, Mr. N Srinath has been named the 'Telecom CEO
of the Year' by the leading publishing group, Telecom Asia in the
2006 edition of their awards.
Mr. Srinath received the special trophy at a glittering ceremony in
Phuket, Thailand today. The 2006 Telecom Asia award has been given
in recognition of Mr. Srinath's role in transforming VSNL from a domestic
monopoly to a major global Telco in just four years. This makeover
was achieved at a time when the Indian telecommunications market was
becoming de-regulated and fiercely competitive.
In February 2002 when the Tata Group became the Strategic Partner
in VSNL through the Indian Government's disinvestment programme, the
company had a monopoly in the International Long Distance (ILD) market.
This monopoly was terminated two years ahead of schedule in April
1, 2002, which led to VSNL reinventing its business model and entering
several new businesses, both in India and overseas.
"It is an honor to receive this award which is a recognition
of the great strides that VSNL has made in the last few years in re-inventing
tself to compete in a global marketplace. I am pleased to accept this
on behalf of all the people who have helped make this happen,"
Mr. N Srinath said while accepting the award.
