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There hasn’t been a lot of news lately about the possibility of Google releasing a phone. But today a source from India had some information about its release. From the source, the phone would be released simultaneously in Europe and the US. Indian carrier companies are also in the works of making a deal with Google, and could potentially see the phone released on multiple networks. Google wouldn’t comment about the rumors leaving more questions than answers. While specifics aren’t given, its believed that the phone would be a Linux powered touch screen that would depend heavily on Internet access to run applications. Some say that HTC will develop the device, and with Google eyeing the 700MHz band, things could get interesting. Time will tell.