Verizon Goes Long Distance In India

Verizon is expanding its global reach through a new business unit called Verizon Business India. According to an article in today's Wall Street Journal, Verizon is filing for a long distance license in India that will make it a more powerful competitor, along with rival AT&T, in offering telecommunications and high-speed Internet services to multinational companies doing business in South Asia.

India's economy is growing at an astounding pace. With more educated English speakers than the entire U.S. population, Indian citizens enjoy a better than usual advantage in global trade. It's not just about outsourcing U.S. call center operations or off-shoring computer code writers: it's about India moving onto the world stage as both a marketplace and an economic power. With an economy that's already larger than Japan's, India's phone is about to start ringing.