Verizon India has received a Unified License for Virtual Network Operator (VNO) Internet Service Provider (ISP) from Department of Telecommunications.
The VNO license allows Verizon, the leading telecom operator in the US, to re-sell internet services from other telecommunication service providers in India targeting enterprise customers, Robert Le Busque, managing director of Verizon’s Australia, New Zealand and India, said.
India has telecom operators such as Bharti Airtel, BSNL, Reliance Jio and Vodafone Idea. Verizon is yet to reveal its VNO partnership with Indian telecom operators. BSNL already has a MVNO partnership.
Verizon has booked a quarterly revenue of Rs 5.97 crore from its Internet business and Rs 199.48 crore from International Long Distance (ILD) business from enterprise clients in India during the September quarter of 2018. It has 102 Internet clients, according to the latest TRAI report.
Verizon Communications has clocked annual revenue of $130.9 billion (+3.8 percent) in 2018 from its wireless, wireline and media business.
Verizon sells Managed Network Services – including Software Defined Networking (SDN) and Virtual Network Service (VNS) bundles – with internet connectivity directly sourced from local providers.
The addition of a VNO License extends Verizon service offerings to its enterprise customers which already includes National and International Long Distance (NLD/ILD) services and Internet Services Provider (ISP) License.
India opened up the resale of its telecom services market through the introduction of VNO’s in 2016.
