VSNL on expansion mode, to invest $500 million.

Byline: Rashmi Pratap

Jun. 6--MUMBAI, India -- The Tata-owned Videsh Sanchar Nigam (VSNL) will invest $500 million this fiscal in expanding operations and is looking at acquiring companies providing enterprise data solutions.

The NYSE-listed company has set up a global management committee comprising key officials from various businesses to take strategic decisions on national and international operations. VSNL is also looking at introducing a uniform brand for all its products and services across the globe.

"The capex will be used to upgrade exis