CERTAIN PORTIONS OF THIS EXHIBITS HAVE BEEN OMITTED
BASED ON A REQUEST FOR CONFIDENTIAL TREATMENT
OMITTED PORTIONS HAVE BEEN SEPARATELY FILED
WITH THE SECURITIES AND EXCHANGE COMMISSI
EXHIBIT 4.3
MEMORANDUM OF AGREEMENT
BETWEEN
VIDESH ▇▇▇▇▇▇▇ ▇▇▇▇▇ LIMITED (VSNI/INDIA)
AND
CONCERT GLOBAL NETWORK SERVICES LIMITED (CONCERT/U.K.)
1. This memorandum between VSNL and CONCERT (U.K.) represents an agreement
by VSNL and CONCERT to apply the following accounting rates and
settlement methods as specified below in paragraph 2 for settlement of
International Telephone service between India and the United Kingdom.
2. Total Accounting rates and the settlement of international telephone
service are agreed for the period beyond April 1, 2001 as follows:
2.1 Period of Applications Accounting Rates on Sender pays transit basis
1.4.2001 TO 31.3.2002 SDR.[text redacted] per 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 switched service
(subscriber-dialed, operator-handled).
4. This agreement supersedes all prior agreements on the subject as
indicated above between VSNL and CONCERT (U.K.). This agreement shall
become binding upon execution by the duly authorized representative of
CONCERT (U.K.) and VSNL and where applicable upon submission and/or
acceptance of the agreement by regulatory authorities.
The concurrences below evidences the intent to present this agreement for the
approval by CONCERT's (U.K.'s) duly authorized representative.
Concurred to on behalf of CONCERT (U.K.)
/S/▇▇▇▇▇ ▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇▇▇
Title: President
Date:
Place: New Delhi, India
Approved on behalf of VSNL Approved on behalf of CONCERT (U.K.)
/S/ S.S. BODH /S/ ▇▇▇▇▇▇▇ ▇▇▇▇ FOR
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Name: S.S. BODH Name: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
Title Chief General Manager (F&A) Title: V.P. - Global Wholesale
Date: 17 June 2001 Date: 2 July 2001
Place: Mumbai, India Place: ▇▇▇▇▇▇▇▇, Bermuda