Verizon weighing $10 billion sale of enterprise assets

Apparently, Verizon Communications is exploring a sale of its enterprise assets which could be worth as much as $10 billion, as the largest US wireless carrier seeks to focus on its core business. 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, apparently. The businesses have struggled to keep up with advances in cloud computing, and face fierce price competition from players such as Alphabet and Amazon.

Verizon's enterprise assets might not be easy to separate and any potential buyer would likely have to sign commercial agreements with the company, apparently. Verizon is still considering how some of these asset sales could best be structured and no deal is imminent, apparently. Wireline provider CenturyLink was in talks with Verizon earlier in 2015 to buy some of the assets but could not agree on terms In a strategy shift, CenturyLink announced it would instead explore options for some of its data centers, including possibly selling them.