Verizon may be looking to shed its enterprise business for $10 billion
Enterprises that use Verizon might find their service provider under new ownership if reports that the carrier wants to get out of the corporate game are true.
Verizon Communications is considering a sale of its enterprise assets for as much as $10 billion, according to a Reuters report on Friday. It's still exploring how to structure a sale, and no deal is imminent, the report said.
The enterprise business has its roots in long-distance giant MCI, which Verizon acquired in 2006. It operates a global network and offers services in more than 140 countries. The carrier says 99% of Fortune 500 companies are customers.
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