Cheerio Verio?

ISP 'not interested in small users any more'

By Mike Magee

Thu Sep 20 2001, 11:29

Colorado ISP Verio, a subsidiary of Japan's NTT Communications, is laying off 750 staff - a quarter of its 3,000 US workforce and closing some of its data centres, says Newsbytes. The move will leave a large number of small and medium sized companies in the lurch while Verio chases after large multinationals instead.

The company plans to consolidate a number of offices and data centres and merge its resources with those of other NTT Communications subsidiaries worldwide.

Verio lost around $650 million last year, after NTT paid $5.5 billion for the company in August 2000.

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Cheerio Verio?

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