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Verizon's Oath doubles down on AWS

Published 05/02/2018, 11:59 AM
© Reuters.  Verizon's Oath doubles down on AWS
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  • Verizon’s (NYSE:VZ) Oath is “doubling down” on using Amazon (NASDAQ:AMZN) Web Services to consolidate its brands on the public cloud.
  • Oath chooses AWS as its “preferred” public cloud provider in a multi-year deal and will move existing programs there and use AWS to develop new applications.
  • Oath will be able to close some of its smaller data centers. The company has 10 larger centers in the US and abroad.
  • Oath CTO Atte Lahtiranta to CNBC: “We did a lot of due diligence. AWS is just — they are really good."
  • But Oath isn’t all-in and still uses some services from Google (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT).
  • Verizon shares are down 1.4% to $48.14.
  • Amazon shares are down 0.5% to $1,574.02.
  • Previously: Oath, Samsung (KS:005930) sign distribution deal (May 2)
  • Now read: The Race To Monetize You


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