VeriSign to Divest Telecommunications, Billing, and E-Commerce Units

6:35 am on November 16, 2007 | Category: Business, Corporate, Telecom Services, Web Services

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Mountain View, California-based 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 spin-offs are complete, executives said. The company did not give an exact timeline for the plan, but did say that its telecommunications, billing, and e-commerce 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.

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