DoT set to clear Verizon`s NLD, ILD licence proposal
06 Jul 2007
Mumbai: The Department of Telecom (DoT) may soon allow US telecom firm Verizon Wireless to offer national and international services in India in partnership with consumer durables major Videocon Group.
"There were some gaps in their documents and those anomalies have been corrected," a source said.
Verizon has tied up with Videocon for a long-distance telephony venture. The company will offer virtual private networks.
Other global telecom majors like Orange and Cable & Wireless (C&W) have also sought NLD and ILD licences in India and have approached the FIPB.
Verizon`s proposed entry follows that of other global firms like AT&T and BT. At&T has partnered with Mahindra Group, which has interest in IT and automobile sectors.
British telecom firm BT has a partnership with the Jubilant Group, which has interest in pharmaceuticals and media. BT had early this year inaugurated one of its nodes in Chennai to operate VPN / MPLS services.
AT&T was the first multinational firm to receive NLD / ILD licences under guidelines that allowed 74 per cent foreign direct investment in the sector. It was also the first to launch services.
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