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
EXHIBIT 4.2
04/01/01
Memorandum of Agreement
International Telecommunications Services between
Videsh Xxxxxxx Xxxxx Ltd.
And
CONCERT GLOBAL NETWORK SERVICES LIMITED
Accounting Rate and Division of Revenue
This memorandum dated April 1, 2001 represents an agreement between Videsh
Xxxxxxx Xxxxx Ltd. (VSNL) and Concert Global Network Services Limited
("Concert") to apply the following Total Accounting Rate for Telephone Service
between VSNL in India and Concert in the United States, which includes Alaska,
Hawaii, Puerto Rico and the US Virgin Islands.
EFFECTIVE DATE ACCOUNTING RATE CARRIER CONCERT
--------------- ---------------- ---------------- ----------------
April 1, 2001-
March 31, 2002 $[text redacted] $[text redacted] $[text redacted]
The accounting rate shall be applied to each conversation minute of use and
shall be shared equally. Minutes of traffic upon which settlements are paid will
be measured using accumulated seconds.
The concurrence below evidences the intent of the regional representative of
Concert to present this agreement for approval by Concert's duly authorized
representative.
This agreement shall become binding only upon execution by the duly authorized
representatives of Concert and VSNL, and, where applicable, upon submission
and/or acceptance of the agreement by regulatory authorities.
Concurred on behalf of Concert: Approved on behalf VSNL
/S/ XXX XXXXXX /S/ S.S. BODH
----------------------------------- -----------------------------------
Name: Xxx Xxxxxx Name: S. S. Bodh
Title: Regional Route Management Title: General Manager
Date: APRIL 1, 2001 Date: 19/4/2001
-------------------------- --------------------------
Approved on behalf of Concert:
/S/ XXXXXXX XXXX FOR
---------------------------------------
Name: Xxxxxx Xxxxxxx
Title: Vice President, Traffic and Route Management-ICS
Date: 1 JUNE 2001
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