IBM deal puts final nail in the Verizon enterprise cloud coffin

We’ve been expecting it for a while, but Verizon’s sale to IBM confirms the giant has officially given up on the cloud.
Financials of the deal have not been revealed, but it ends a pretty dire couple of days for Verizon’s enterprise IT business. Following up the confirmation it would be selling 29 US data centres to Equinix, IBM will now purchase the cloud and managed hosting service, effectively putting an end to Verizon’s ambitions in the field.
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