Verizon may be looking to sell off its data centers as it seeks to streamline its business.
According to a report from Reuters, Verizon has started process to auction its data center assets in hopes they will garner about $2.5 billion in additional capital.
Verizon was not immediately available for comment on the matter.
The move comes in the wake of reports late last year that rumored Verizon was poised to unload its enterprise assets, including the Terremark Worldwide business it had originally bought for $1.4 billion back in 2011.
Unloading Terremark and MCI, both of which were acquistions, would be a way forward as Verizon focuses more on its core businesses. MCI provides landline and Internet services for large businesses. Terremark became Verizon Cloud, the company’s enterprise cloud services unit.
Reuters reports the assets up for sale include 48 data centers, which generates annual earnings of around $275 million.