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Videsh Sanchar Nigam Limited (NYSE: VSL) is loosing ground as an ISP provider. According to the Telecom Regulatory Authority of India’s [TRAI] performance indicator report released on Monday, VSNL has lost 8.31% of its subscribers for the quarter ended December 2005. Moreover the company’s market share has dropped to 6.97%. VSNL’s subscriber base has fallen by 20.56% for the quarter ended September 2005 and 9 per cent for June 2005. Also, in the quarter ended March 2005 there has been a 24% decline. (Business Standard)

Currently BSNL, MTNL (NYSE: MTE) and SIFY Corp. (Nasdaq: SIFY) are the three leading ISPs in India.

1-yr chart VSL, MTE, and SIFY:

Source: VSNL Losing Ground In Indian ISP Market (VSL, MTE, SIFY)