Wipro in talks to sell data centres, assets of US unit

Wipro, India's No.3 software services exporter, is considering selling data centres and other computer hardware assets of its US unit Infocrossing, the Economic Times reported on Monday, quoting unnamed officials and bankers familiar with the talks.

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Wipro has received initial offers from several US telecom firms for sale of five data centres that could be worth between $300 million to $400 million, the newspaper said.

Citigroup is currently holding discussions with potential buyers, one of the sources told the paper.

A Wipro spokesman did not immediately respond to queries on the report.

Amongst the bluechip IT companies, Wipro has so far acquired 28 firms across technology, lighting and retail. In 2007, the company bought Infocrossing for $600 million.

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Reuters