Videocon and Verizon to offer international long-distance (ILD) services in India

AddThis Feed Button

February 9th, 2007 Leave a comment Visited 40 times, 1 so far today

Videocon and Verizon to offer international long-distance (ILD) services in India

US telecom giant Verizon is collaborating with Indian consumer electronics maker Videocon to offer international long-distance (ILD) services in India.

Verizon has been interested since quite some time to enter the Indian market by offering long-distance calls. They have now formed a JV — Verizon Communications India —with Leo Communications which is part of the Videocon group.

This joint venture company is rumored to have already applied for a license to provide ILD services. Market sources claim that the initial investment in this group is in the region of around USD 30 million.

Verizon will hold 74% in the JV to meet the requirements of FDI regulations in India.





TechWhack on Facebook

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

Leave a Comment

Related Posts

Popular Posts

blank