India's third biggest software exporter Wipro is evaluating options to sell data centers and other computer hardware assets of its US subsidiary Infocrossing to unlock value from what the company now calls 'non-core' business.
Wipro has already received initial offers from several medium to large US telcos, and the company is deliberating to carve out five data centres owned by Infocrossing for a potential sale estimated to be worth anywhere between $300 million and $400 million.
Wipro’s thought process –
· This part of Infocrossing (datacenters) is not a game changer over next three-five years.
· The idea is more about unlocking value from non-strategic part than giving up the entire Infocrossing unit.
· Customers do not make decisions based on whether a vendor owns datacenters or not.
-Cheers
