downloadAnalyst: CenturyLink, AT&T, Verizon still find cloud hosting a challenging business

October 14, 2015 | By

CenturyLink (NYSE: CTL), Verizon (NYSE: VZ) and AT&T  (NYSE: T) are still struggling to make their cloud hosting businesses a key part of their growth, but an analyst with Cowen & Company said that CenturyLink management is adamant about keeping its colocation and hosting business even though investors have pressured the company to sell it. However, he added that AT&T and Verizon might be less inclined to hold onto their cloud assets.

According to Investor’s Business Daily, Cowen & Company analyst Gregory Williams wrote in a research note that the CenturyLink management still believes that its colocation and hosting business is a key differentiator and growth driver for the company.

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