Well, I'm sure that's what they want you to think. But where's the cloud here?
Does Savvis have a cloud? No, they have hosting centers and fiber lines. Does CenturyLink have a cloud? No, it's a phone company.
So this is, in a way, just financial manipulation. But, as a small piece in AmLawyer notes, this is all part of a larger trend.
I call it the myth of the telco cloud.