CenturyLink looks for buyers for data centers

CenturyLink
CenturyLink has hired advisors to assist in selling its data centers and colocation business operations.

The American technology major could look at partnership or joint venture, a sale of all or a portion of the data centers. CenturyLink has 59 data centers in the U.S., Asia and Europe with more than 185 megawatts of power across 2.6 million square feet of raised floor capacity.

“We are confident in our strategy of combining enhanced network and hosting capabilities with a suite of related managed services offerings for our customers. We expect colocation services to remain part of our service offerings, but we do not believe ownership of the physical data center assets is necessary to effectively deliver those services,” CenturyLink CEO Post.

CenturyLink said its operating revenues rose marginally to $4.55 billion in the third quarter of 2015 from $4.51 billion — driven by the $150 million increase in high-cost support revenues due to the acceptance of Connect America Fund Phase 2 (CAF Phase 2) support. Its core revenue was $4 billion in the third quarter of 2015.

Revenue from high bandwidth data services provided to business customers, including MPLS3, Ethernet and Wavelength, grew more than 7 percent, while revenue from consumer strategic services also grew more than 7 percent.

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