Friday, June 22, 2018
AT&T to Transfer Data Center Co-location Operations, Assets to Brookfield
AT&T signed a strategic alliance with Brookfield Infrastructure and its institutional partners to transfer its data center co-location operations and assets to Brookfield. Under Brookfield’s ownership, the business will continue to deliver co-location services to customers in 18 internet data centers in the United States and 13 outside the U.S., according to the carrier. The co-location data center operations serve a customer base of more than 1,000 companies across the technology, financial, industrial, media retail and other sectors.
Under terms of the agreement, AT&T will receive $1.1 billion, which it will use to pay down debt. After the deal closes, expected within six to eight months, customer contracts, employees supporting the co-location operations, fixed assets, leased and owned facilities will transfer to Brookfield.
Once finalized, AT&T will continue to deliver network services to its customers at the IDCs. AT&T will become a sales channel for the business and will be the anchor tenant of the co-location operations. Continue Reading