Verizon considering USD10bn sale of enterprise assets

9 Nov 2015

Verizon Communications is exploring the possible sale of its enterprise assets which could be worth as much as USD10 billion, Reuters reports citing people familiar with the matter. According to the news agency, the sale would include the enterprise telecoms unit formerly known as MCI, which was acquired in January 2006, as well as Verizon’s Terremark data centre business. Verizon is considering how the asset sales could be best structured and no deal is imminent, the people added. Further, it has been noted that Verizon’s enterprise assets might not be easy to separate and any potential buyer would likely have to sign commercial agreements with the company.

Wireline provider CenturyLink was in talks with Verizon earlier this year to buy some of the assets but could not agree on terms, the sources claimed, while Citigroup has been advising Verizon on the possible sale.

United States, Verizon Communications