The primary considerations for hosting companies are cost and reliability - both Debian and CentOS are free, and work well. Both provide the key AMP and email software products that people expect from Linux servers.
CentOS has integrated support for certain features that are useful in server clusters, and will be very familiar to Red Hat users.
Debian provides convenient access to much more software, and is generally easier to work with. It also supports online upgrades, which is an important feature. Negative: the supplied software and drivers for Debian stable are older than those with CentOS.
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