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Exclusive: Verizon weighing $10 billion sale of enterprise assets - sources

2015-11-06 22:50:54| Telecom - Topix.net

Verizon 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 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, the people said this week.

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Exclusive: Verizon weighing $10 billion sale of enterprise assets - sources

2015-11-06 22:20:25| IT Services - Topix.net

Verizon 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 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, the people said this week.

Tags: sale sources exclusive enterprise

 
 

VimpelCom Posts $1 Billion Loss After Uzbek Bribery Provision

2015-11-06 18:37:03| Telecom - Topix.net

VimpelCom Ltd. swung to a quarterly loss after making a $900 million provision to cover potential U.S. and Dutch fines over bribery allegations in Uzbekistan. The carrier made a net loss of $1 billion in the third quarter, compared with a $105-million profit a year earlier, Amsterdam-based VimpelCom said in a statement Friday, citing figures excluding Italian operations.

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AstraZeneca to Buy ZS Pharma for $2.7 Billion

2015-11-06 15:13:47| Biotech - Topix.net

AstraZeneca PLC has agreed to pay $2.7 billion for Californian biotech ZS Pharma Inc., in a deal which will bolster the drug maker's cardiovascular disease portfolio as it faces the loss of exclusivity in the U.S. for its best-selling cholesterol-lowering drug Crestor.

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Toyota invests $1 billion in artificial intelligence in US

2015-11-06 06:49:21| Automakers - Topix.net

Toyota is investing $1 billion in a research company it's setting up in Silicon Valley to develop artificial intelligence and robotics, underlining the Japanese automaker's determination to lead in futuristic cars that drive themselves and apply the technology to other areas of daily life. Toyota Motor Corp. President Akio Toyoda said Friday the company will start running in January 2016, with 200 employees at a Silicon Valley facility near Stanford University, with a second facility near Massachusetts Institute of Technology in Cambridge.

Tags: in us intelligence billion

 

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