Big Law

Verizon Signs a Technology Deal With India’s HCLTech

Verizon, the No. 1 U.S. telecom company by subscribers, said on Thursday it had signed a technology deal with India’s HCLTech to help manage networks for business customers in a bid to stem a decline in its wireline business.

Verizon’s wireline business, which includes selling to business customers, has been a drag on its revenue for several years.

Customers are looking for platforms that use artificial intelligence and automation techniques, and Verizon had to decide whether to invest significantly in upgrading systems or partner with a company that has such services, Scott Lawrence, senior vice president at Verizon, said in an interview.

Read the source article at Yahoo Finance

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