AT&T Inc. has announced that it has completed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners, the company said.
The company previously announced a strategic alliance with Brookfield that included the transfer of these operations and assets.
Brookfield has established a wholly owned company, Evoque Data Center Solutionsâ¢ (“Evoque”), to own and operate the assets. Customer contracts, employees supporting the colocation operations, fixed assets, leases and specified owned facilities have been transferred to Brookfield.
Evoque joins AT&T´s global colocation ecosystem program where AT&T will offer Evoque´s colocation services to business customers. The ecosystem program offers business customers access to 350+ data centers around the world.
Under the terms of the deal, AT&T has received USD 1.1 billion, which will support the company´s goal of reducing its net-debt-to-EBITDA-ratio to the 2.5x range by the end of 2019.
AT&T Inc. (NYSE: T) is a diversified, global provider of telecommunications, media and entertainment, and technology. It executes in the market under four operating units. WarnerMedia´s HBO, Turner and Warner Bros. divisions are world leaders in creating premium content, operate one of the world´s largest TV and film studios, and own a world-class library of entertainment.