NEW YORK CITY—Verizon Communications Inc. is exploring the sale of a data center portfolio that could bring more than $2.5 billion, Reuters reported Tuesday evening. A Verizon spokesman tells the company declines to comment on the Reuters report, which cited unnamed sources said to be familiar with the matter.

If a sale of Verizon’s 48 owned data centers occurs, it would reverse the wireless carrier’s expansion into hosting and co-location services after its $1.4-billion acquisition of data center operator Terremark Worldwide Inc. in 2011. This past November, CFO Fran Shammo said that reports of up to $10 billion in asset sales, including a sell-off of Terremark, were “speculative.”

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