Verizon Exec Denies It’s Selling Off Cloud Infrastructure
November 11, 2015
Grazed from Fortune. Author: Barb Darrow.
Fran Shammo, Verizon’s chief financial officer, strongly denied recent reports that the company is selling off the infrastructure underlying its cloud business. These stories are “factless conjecture with no foundation,” Shammo said in response to a question at the Wells Fargo Securities 2015 Technology, Media & Telecom Conference on Tuesday.
Late Friday, Reuters reported that Verizon was weighing a sale of enterprise assets, including what used to be known as MCI and Terremark, a data center-and-cloud company Verizon bought 5 years ago to boost its presence in cloud computing. The report said the company was seeking up to $10 billion in a potential sale. A Verizon spokesman had no comment on the report…
Timing was awkward, coming just days before Verizon issued its annual State of the Market: Enterprise Cloud Report on Monday. Shammo also speculated that sources of this talk might be competitors trying to spook big business customers…
Read more from the source @ http://fortune.com/2015/11/10/verizon-cloud-infrastructure/