Verizon charts a different cloud services path

Grazed from CIO.  Author: Andy Patrizio.

When running down the list of top cloud vendors, the name Verizon doesn't come up immediately, but the firm is looking to expand its particular brand of cloud services that complement main players like Amazon and Microsoft. It's also fending off rumors it's getting out of the cloud business. 
 
Late last year, the company denied reports it was looking to sell off its enterprise services business, which include cloud services and data centers. At the Wells Fargo Securities 2015 Technology, Media & Telecom Conference in late November, Verizon CFO Francis Shammo denied reports that his company is considering selling some of its enterprise assets after a Reuters report said just that...
 
At that time, Verizon had been on a bit of a selling spree, unloading its residential landline assets for $10.54 billion to Frontier Communications in February 2015 and its cell tower portfolio for more than $5 billion...

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