Telecommunications company AT&T has completed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its institutional partners. Under the terms of the deal, AT&T has received $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.
Brookfield has established a wholly owned company, Evoque Data Center Solutions, to own and operate the data center colocation assets. Customer contracts, employees supporting the colocation operations, fixed assets, leases and specified owned facilities have been transferred to Brookfield and its newly established Evoque colocation brand.
Under Brookfield’s ownership, the Evoque data center brand will continue to deliver colocation services to customers in 18 Internet Data Centers (IDCs) in the United States and 13 outside the United States. The colocation data center operations serve a diversified customer base of more than 1,000 companies across the technology, financial, industrial, media retail and other sectors worldwide.
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.