AT&T Closes $1.1 Billion Sale of Its Data Center Colocation [...]


AT&T Closes $1.1 Billion Sale of Its Data Center Colocation Operations and Assets


evoquedcs.com logo📅 - Telecommunications company AT&T (http://www.att.com) 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 [...][... Check source for end of article ...]
Tags: Colocation News colocation data center Evoque

evoquedcs.com Reads: 992 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author: Editor Hosting Journalist
URL source: https://hostingjournalist.com/colocation/att-closes-1-1-billion-sale-of-its-data-center-colocation-operations-and-assets/

Company: Evoque DCS

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Related news


📅 - Evoque Completes Cyxtera Acquisition, Expanding to Over 50 Data Centers - Evoque's acquisition of Cyxtera expands its data center network to over 50 facilities, enhancing its colocation and cybersecurity services in North ...


📅 - Evoque, Telarus Join Forces to Provider Resellers with Advanced Cloud Services - Evoque, a worldwide supplier of connectivity, cloud, and data center services, has established a strategic relationship with technology solutions brokerage company, ...


📅 - Evoque Data Center Solutions Offers Channel Partners Up to $50K Bonus - Evoque Data Center Solutions has launched a new program to reward channel partners for identifying and delivering a broad range of solutions to their ...


📅 - Evoque Hires Industry Vet Monica Walton to Boost Partner Program - Evoque Data Center Solutions, global provider of connectivity, cloud, and data center services, has expanded its channel partner ...


📅 - Evoque Data Center Solutions Unveils ‘Application-First’ Initiative - Evoque Data Center Solutions advocates a flexible, application-first approach, in which each workload uses exactly the infrastructure it requires. The company therefore has unveiled a new solution that gives businesses the flexibility and power to move away from an infrastructure-first ...