Verizon said it is looking to sell or spin off its Verizon Information Services (VIS) directory publishing business, which includes SuperPages.com.
The company wants to focus on its wireless, broadband and enterprise businesses, especially in light of its acquisition of MCI, expected to close this month.
“Given the attractive opportunities developing in the local search and advertising markets for VIS, we believe a divestiture would provide VIS with more flexibility to maneuver in the fast-changing environment of content providers. VIS could then more easily seek partnerships, meet customer requirements and create its own growth opportunities,” Ivan Seidenberg, Verizon’s chairman and CEO, said in a statement.
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