Mohit

US-based Verizon Business (formerly MCI) — one of the world’s largest global telecom service providers, has applied for a National Long Distance (NLD) licence under recently approved guidelines allowing up to 74% FDI in the telecom sector. Verizon already has an application pending with the DoT for an International Long Distance (ILD) licence. It had

French altco neuf Cegetel is looking to purchase TradingCom Europe, a wholesale supplier of telecom minutes, reports business daily Les Echos, without citing sources. According to the paper, the telco has already signed an agreement with TradingCom’s current owners, thought to be worth in the region of EUR2 million (USD2.68 million).

Kenya’s largest mobile operator by subscribers, Safaricom, says it plans to launch a 3G network in urban areas ‘soon’, and ultimately aims to roll out high speed mobile services to the rest of the country, including all tourist resorts, businesses, schools and hospitals. In November 2006 Safaricom announced that it was to begin a twelve-month