Verizon to sell data centers to Equinix for $3.6 billion

Markets Reuters

The Verizon logo is seen on the side of a truck in New York City, U.S., October 13, 2016. REUTERS/Brendan McDermid (Copyright Reuters 2016)

Verizon Communications Inc , the No. 1 U.S. wireless carrier, has agreed to sell 29 data centers to Equinix Inc for $3.6 billion.

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The data centers being sold are located in 15 metro areas, including New York, Atlanta, Chicago, Bogota and Sao Paulo.

The sale represents Verizon's efforts to streamline its business and follows the divestment last year of a chunk of its landline business and a portfolio of wireless towers.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Saumyadeb Chakrabarty)