NEW YORK�On Nov. 6,Reutersreported that � NEW YORKVerizon Communications Inc. 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 tofocus on its core business.� (Italics mine).
�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 (same) people said this week.
�Wireline provider CenturyLink Inc was in talks with Verizon earlier this year to buy some of the assets but could not agree on terms, the �people� said. In a strategy shift, CenturyLink announced this week it would instead explore options for some of its data centers, includingpossibly selling them.�� (Italics mine).�
Is technology moving along so fast now that wireline facilities, and associated data centers, are considered to be losing value?� Would Verizon bet its future 100% on wireless? This week, Fran Shammo, the Verizon CTO was quoted thus: ��These rumors and speculation are really ridiculous,� according torcrwireless.com.
Perhaps the speculation is related to another transaction, though:�Frontier communications, on Nov. 6, said that Administrative Law Judge Karl Bemesderfer with the California Public Utilities Commission issued a favorable Proposed Decision, proposing approval of Frontier’s proposed acquisition of Verizon’s local wireline, broadband and video operations, including the FiOS network, reportsNasdaq.com.
Frontier Communications noted that it has already received all other necessary regulatory approvals, including from the Federal Communications Commission and the Justice Department.