Mergers and Acquistions News
Categories: Telecoms
September 27th 2011, 14:38PM
Wipro, the third-largest Indian software exporter, is considering the sale of its computer hardware assets and has already received several offers from US telecoms companies.
These assets are based in the firm's US subsidiary Infocrossing, which the Economic Times reports is now described as a non-core business.
Five Infocrossing data centres are also said to be considered for sale and are valued between $300 million (£193 million) and $400 million.
A spokesman interviewed by the paper claimed that Citigroup is holding discussions with potential buyers, but talks are at an early stage.
The firm acquired Infocrossing in August 2007 for $600 million and announced its ambition to increase its revenue to $1 billion by 2010.
"There is a realisation now that customers do not make decisions based on whether a vendor owns data centres or not - a proposition clearly visible when Infocrossing was acquired," another spokesperson remarked.
Two carrier-neutral data centres based in Dublin were recently acquired by TelecityGroup for £87.6 million. 
Related News
Categories
- BPO (32)
- Hardware (118)
- IT Services & Consulting (227)
- Media & Information Services (167)
- Semi-Conductors (77)
- Software (230)
- Telecoms (331)
Archive
- May 2012 (0)
- April 2012 (0)
- March 2012 (0)
- February 2012 (0)
- January 2012 (1)
- December 2011 (20)
- November 2011 (20)
- October 2011 (20)
- September 2011 (20)
- August 2011 (20)
- July 2011 (20)
- June 2011 (21)