Dive Brief:
- Verizon may be considering selling its enterprise business, according to Reuters.
- The Reuters report said Verizon is exploring how to structure a sale and there is no deal currently on the table.
- Verizon has been shifting its focus lately and wants to focus more on mobile services and connected devices.
Dive Insight:
Verizon’s enterprise business has its roots in long-distance giant MCI, which the company acquired in 2006. The company currently operates a global network of enterprise customers and offers services in over 140 countries. The carrier says 99% of Fortune 500 companies are customers.
The plan would also include selling off the cloud services business that came out of Verizon's acquisition of Terremark in 2011. That deal hasn't quite panned out as planned -- Verizon is nowhere near the top tier of cloud providers like Google and Amazon Web Services.
Verizon Wireless is one of the dominant mobile operators in the U.S.
