Verizon looks to sell data centre ops - report

Nieuws Breedband Verenigde Staten 6 JAN 2016
Verizon looks to sell data centre ops - report

Verizon Communications hopes to make over USD 2.5 billion from the sale of its data centre assets, Reuters reported citing people familiar with the matter. The sources said the sale process has been launched as the company puts its attention on its core business.

The colocation portfolio up for sale includes 48 data centres which generate annual EBITDA of around USD 275 million, the sources said, adding that Citigroup is advising Verizon on the sale. Verizon and Citigroup declined to comment.

The company last year sold many of its landline business ops as well as some of its wireless towers.

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Verizon,  Verizon Communications

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Hosting - cloud - data centres, Corporate strategy, M&A buyouts & divestments

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