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May 06, 2017
Verizon has announced to sell its cloud and managed hosting business to IBM. The Verizon Company and IBM haven’t disclosed the deal’s term yet but it will be closed by the end of the current year.
(Reuters) - Verizon Communications Inc said strength in its wireless business was tempered by weakness in its traditional wireline unit, producing softer-than-expected revenue growth for the quarter and sending its shares down nearly 2 percent.
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