On taking VSNL into the new millennium

The challenges that new technology poses are complex and necessitate that a company like VSNL be prepared for the realities of the new age. At the ITU conference, technology thrust is very visible. I can see that developments are taking place at a rapid pace and VSNL will have to be well prepared to face the threats.

On voice-over-internet gaining acceptance globally

As far as India is concerned, VoIP is illegal and will remain banned. But what remains to be seen is to how long the situation will remain the same. That does not mean that I am suggesting that the policy should be changed. What I want to say is that as far as VoIP is concerned, it is more or less a question of time that technology will leave everything else behind.

On VSNL's plans to enter the STD call market

I am looking at 2004, when VSNL's monopoly as India's only carrier of international long distance (ISD) communications will end. Today, domestic long distance (STD) is being opened up, as a result of which a number of new companies will enter the field. In 2004, the same companies will also want to expand and enter the ISD call market, as result of which VSNL will be handicapped. Therefore, in order to meet this challenge, I want that we should be permitted to enter the STD market. I am sure that we will not be denied. I have explained this reasoning to the Telecom Commission and am hopeful that the modalities will also be determined by TRAI soon.

On VSNL's plans in satellite telephony, given the failure of Iridium and ICO

I am not going to throw away the taxpayers money just because someone thought that it was going to happen. For instance, the $50 million investment in Agrani was subject to the company fulfilling a number of conditions. Now, with the collapse of Iridium and ICO, a rethink is required. I have an open mind on the issue, but will keep in mind the interests of the country while arriving at a final decision.

On international call settlement & accounting rates

This is a very ticklish affair. Currently, the balance of payments is in our favour due to more incoming call traffic. Developed countries want to reduce the settlement rates. We are obviously pressing for more, as I believe that the basic principle has to be that we should get our share. Simultaneously, our outgoing traffic has to increase, which depends on lesser call tariffs from India.

On your objectives and plans for VSNL

I have been visiting our offices and find that the biggest asset is our people. I am happy that the share price of VSNL is at Rs 1,050 now, up from Rs 880 on the day of my joining. The sentiment is up and we have to consolidate the gains of the past without finding faults with others and past decisions. We have to prepare ourselves for competition, as today we are a monopoly and the company will have to be in a position to compete with international companies.