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November 9, 2015updated 21 Oct 2016 5:25pm

Another giant telco exiting the data centre market – Verizon to offload $10bn in assets?

News: First Centurylink now Verizon?

By Sam

Verizon is looking for buyers for $10bn of assets as it is named as the second US telco to be seeking a strategic exit from the data centre market.

Reuters reported that Verizon is seeking to divest of billions of dollars in assets including its data centre facilities it bought with the $1.5bn acquisition of Terremark.

Last week Centurylink said it would seek strategic alternatives to its ownership of 59 data centres it acquired when it bought data centre colo player Savvis.

The potential offloads are being seen as a response to the rise of the web scale cloud providers such as Microsoft Azure, Google for Work and AWS>

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