Indian industrial conglomerate Videocon has applied for mobile licences for all 22 telecoms circles of India, writes the Economic Times. According to industry sources, this could mark the entry of US telco Verizon to the sub-continent, as the latter is speculated to be Videocon’s partner for the wireless venture. Earlier this year Verizon partnered Leo Communications, a subsidiary of the Videocon Group, while applying for national and international long-distance licences in India. Leo holds 26% of the joint venture.
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