Faced with a steady decline in wireline voice revenues, major telcos such as AT&T (T),...
Faced with a steady decline in wireline voice revenues, major telcos such as AT&T (T), Verizon (VZ), and NTT are betting on the massive growth expected for cloud services to give them a lift. Verizon has shored up its cloud offerings by acquiring Terremark, while CenturyLink (CTL) has done so by acquiring Savvis. However, tough competition exists from AMZN, RAX, and others.
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