By Greg Roumeliotis and Liana B. Baker

(Reuters) – Verizon Communications Inc has started a process to sell its data center assets, hoping to fetch more than $2.5 billion, people familiar with the matter said on Tuesday, as the U.S. telecommunications conglomerate focuses on its core business.

A sale would represent the latest effort by Verizon, the No. 1 U.S. wireless carrier, to streamline its portfolio following a divestment last year of a chunk of its landline business and a portfolio of wireless towers.

It would also mark a reversal of its strategy to expand in hosting and colocation services after it read more >>>

Source : BusinessInsider.Com