Anil Ambani's Flag seeks $406 mn relief from VSNL

NEW DELHI: Anil Dhirubhai Ambani Group (ADAG)'s company Flag Telecom Group Ltd has sought a monetary relief of $406 million plus interest from the Tatas-owned Videsh Sanchar Nigam Ltd (VSNL) relating to a dispute over the FLAG Europe-Asia (FEA) cable system.

Flag has moved to an Arbitration Tribunal of the International Chamber of Commerce (ICC) seeking the compensation regarding the interpretation of the Construction and Maintenance Agreement (C&MA) governing the cable system.

The ICC Tribunal had in May last year ordered VSNL to grant Flag access to the Mumbai cable landing station of the FEA cable system for the purposes of installation, inspection, testing, training and other functions.

VSNL said it is studying the claim and will file its response in due course with the Tribunal.

The company also informed that it has filed a writ in the Netherlands to seek to set aside the award.