Verizon Launches Auction To Sell Data Centers (reuters.com)

operator_error writes: Verizon has now chosen to reverse "its strategy to expand in hosting and colocation services after it acquired data center operator Terremark Worldwide Inc in 2011 for $1.4 billion", and has "started a process to sell its data center assets". The so-called 'colocation' portfolio up for sale includes 48 data centers, and generates annual earnings before interest, tax, depreciation and amortization of around $275 million. The enterprise telecommunications industry has had to adapt in recent years to corporate customers seeking more sophisticated and cheaper offerings to manage their data. Verizon joins a host of its rivals in telecommunications who are shedding their data centers.

Comments

Verizon is not a wonderful company

[surfdaddy]

They bought spectrum which is the property of the people, agreeing to use it fairly. Yet they prohibit devices on their net and require them to go through long "testing" processes that can take up to a year - on devices that have two year shelf lives. They are also against net neutrality.

I figure if it is bad for Verizon, it is good for the public in general.