EXHIBIT 4.3
CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED
BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT
OMITTED PORTIONS HAVE BEEN SEPARATELY FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION
MEMORANDUM OF AGREEMENT
BETWEEN
VIDESH XXXXXXX XXXXX LIMITED (VSNL / INDIA)
AND
BRITISH TELECOMMUNICATION SERVICE LIMITED (UK - BT)
1. This memorandum between VSNL and UK-BT represents an agreement by VSNL and
UK-BT to apply the following accounting rates and settlement method as
specified below in paragraph 2 for settlement of International Telephone
service between India and United Kingdom.
2. Total Accounting rates and the settlement of International Telephone
service are agreed for the period beyond April 1, 2002 as follows:
2.1 PERIOD OF APPLICATION ACCOUNTING RATES ON SENDER PAYS TRANSIT BASIS
01-04-2002 ONWARDS SDR [TEXT REDACTED] P.M. SENDER PAYS TRANSIT
2.2 ACCOUNTING/SETTLEMENT PERIOD MONTHLY BASIS
3. The application period's accounting rates shall be applied to each
conversation minute of International switch service (subscriber-dialed ,
operator-handled).
4. This agreement supersedes all prior agreements on the subject as indicated
above between VSNL and BT (UK). This agreement shall become binding upon
execution by the duly authorized representative of BT (UK) and VSNL and
where applicable upon submission and /or acceptance of the agreement by
regulatory authorities.
5. TAR to be reviewed in Sept. 2002.
Signed for and on Behalf of Signed for and on Behalf of
VSNL / India BT Telecom (UK)
/s/ X.X. Xxxxxx /s/ Xxxxx Xxxx
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X.X.Xxxxxx Xx. Xxxxx Xxxx
Executive Director (OPS) Managing Director
VSNL, INDIA BT Global carrier services
Date: 20/5/2002 United Kingdom
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