Verizon (NYSE: VZ) may have the right next-gen business service tools in place, but the near-term reality of legacy declines and an uncertain economic environment is dampening overall enterprise revenue growth. Speaking at the Bank of America Merrill Lynch 2014 Media, Communications & Entertainment Conference, Fran Shammo, CFO and EVP of Verizon, said that strategic business services wont surpass legacy declines for a few years. If you look at certain portfolios in the enterprise business around IT, security, data centers and cloud, its all growing nicely, Shammo said. The problem is the core LD and voice is more than offsetting that and thats part of the issue in enterprise.
Posted on: Thu, 18 Sep 2014 10:36:18 +0000
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