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Verisign Phone Card News / Verisign Telecom News
VeriSign to Divest Telecommunications, Billing, and ECommerce Units

Date: 11/18/2007 5:12:10 PM

Mountain View, Californiabased network infrastructure giant, VeriSign, has announced plans to divest several of its slower business units and focus more on its core internet security and DNS operations.

Revenue growth, profit margins, and net income “will be higher” after the spinoffs are complete, executives said. The company did not give an exact timeline for the plan, but did say that its telecommunications, billing, and ecommerce divisions would be among the units affected.

VeriSign’s core business involves a number of key internet operations, including the DNS switchboards that direct traffic to all websites on .com and .net domains. It also manages the licensing of these domain extensions, and provides a wide range of internet security and authentication services.  Phone Card News Stats


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