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Verizon Is Calling China, India Big Targets For Business Unit

December 18, 2007 | John Serrao
joblogo.gifVerizon Business has dialed up India and China as it aims to boost international revenue.

The business unit of Verizon Communications is forging ahead in the Far East almost two years after acquiring MCI, a company whose strengths included its overseas networks and business customers.

Verizon Business is part of a consortium building a next-generation undersea optical cable system linking the U.S. mainland and China. The project is expected to be completed in time for the Beijing Olympics in August, so it will help consortium members handle the big jump in traffic expected at that time.


Verizon is the only U.S. company involved in building the high-speed system, which will whisk data at 10 gigabits per second, a big jump over most existing undersea cables.

India's government, meanwhile, is close to awarding Verizon Business a license to provide international and national long-distance voice and data services, mainly to large companies. Verizon Business has dialed up India and China as it aims to boost international revenue.

The business unit of Verizon Communications is forging ahead in the Far East almost two years after acquiring MCI, a company whose strengths included its overseas networks and business customers.

Verizon Business is part of a consortium building a next-generation undersea optical cable system linking the U.S. mainland and China. The project is expected to be completed in time for the Beijing Olympics in August, so it will help consortium members handle the big jump in traffic expected at that time.

Verizon is the only U.S. company involved in building the high-speed system, which will whisk data at 10 gigabits per second, a big jump over most existing undersea cables.

India's government, meanwhile, is close to awarding Verizon Business a license to provide international and national long-distance voice and data services, mainly to large companies.

With most of the work integrating Verizon's U.S. phone network with MCI's global network done, the company is well-positioned to boost revenue by providing more overseas services, says John Killian, president of Verizon Business.

"We're continuing to invest throughout the world," Killian said. "The big enchilada is globalization of the world economy. That's something we hope to capitalize on."

Verizon bought MCI, formerly WorldCom, for $8.5 billion. MCI's consumer long-distance business was fading, but Verizon wanted the company in order to expand in the business market. Despite WorldCom's plunge into bankruptcy in 2002, after an accounting scandal, the renamed MCI still had a big roster of corporate and government clients.

[via Investors Business Daily]






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