India Global Capability Centres (GCCs) of New York-headquartered telecommunications conglomerate Verizon grew 15% last year, Sowmyanarayan Sampath, CEO of Verizon Consumer Group said on Tuesday at a press briefing.
Verizon Consumer Group in 2022 contributed $105 billion in revenue to the company’s overall revenue of $136 billion. As per Investopedia, Verizon is the second largest provider of cellular service in the US that provides communications, information, and entertainment products and services worldwide to consumers, businesses, and government organizations through its consumer and business segments.
It offers wireless voice and data services and equipment sales, as well as data and video communications products and services, such as broadband video, data center and cloud services, security and managed network services, and local and long distance voice services. Verizon also claims to be the first company in the world to launch commercial 5G for mobility, fixed wireless and mobile edge computing.
Sampath said India GCCs which are located in Chennai, Hyderabad and Bengaluru are not about cost arbitrage but rather about capabilities, innovation and the talent pool which makes the country a huge draw for the company. «In terms of core technology, business enablement, deep business integration, I don't see any other centre other than India having the scale and size,» he