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  • Thursday, April 18, 2024

Reuters: Verizon Mulls Enterprise IT Portfolio Sale


acquisition, mergerVerizon (NYSE: VZ) is considering a sale of its enterprise-grade technology portfolio in order to concentrate on its consumer market business line, Reuters reported Friday.

Liana Baker and Greg Roumeliotis write Citigroup will help examine a potential sale of business landline and Internet services from Verizon’s unit formerly called MCI as well as data center offerings from its Terremark subsidiary.

Reuters estimates the enterprise assets under review are worth approximately $10 billion.

Verizon acquired MCI for $8.4 billion in 2006 and Terremark for $1.4 billion in 2011.

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