Report: Verizon Weighs Blockbuster Sale of its Enterprise Business

[LiberalArkie]

(Reuters) – Verizon Communications is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core business.

The sale would include the business formerly known as MCI, which provides landline and Internet services for large business customers, as well as Terremark, its data center unit, the people said this week.

The businesses have struggled to keep up with advances in cloud computing, and face fierce price competition from players such as Alphabet and Amazon.com.

Verizon‘s enterprise assets might not be easy to separate and any potential buyer would likely have to sign commercial agreements with the company, some of the people said. Verizon is still considering how some of these asset sales could best be structured and no deal is imminent, the people added.

Snip

http://fortune.com/2015/11/06/report-verizon-weighs-blockbuster-sale-of-its-enterprise-business/

[PSPS]

1. This probably explains why they ignored my order for a PRI circuit.

[LiberalArkie]

2. That and the giant RIF going on right now. Estimated 12% of workforce, started last week or

the week before. From what I heard 6 regions reduced to 2 and only ones that seemed safe are H1B holders.

[djean111]

3. "and only ones that seemed safe are H1B holders."

That's what happened in Tampa.

[LiberalArkie]

4. I am ex Alltel, so I lost a lot of good friends after they came in. I wondered why everyone

was so pissed off all the time until I remembered they painted the walls Red. Red color makes people angry. The Alltel blue is a semi soothing color I think.

Here is the link for information. Another round happens on the 19th I think.

https://www.thelayoff.com/verizon-communications