In 2015, Verizon had revenues of $131.62 bn and net income of $17.87 bn. While Verizon does not have a consumer telecom business in India, it is present in enterprise data services through AOL India. It might be recalled that in June 2015, Verizon acquired AOL for $4.4 bn. Formed in 2013, Verizon Labs is a technology centre of excellence for the company.

Verizon Communications to double its headcount in its Labs division in India

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