AT&T has completed the sale of its data center colocation operations and assets to Brookfield Infrastructure and its partners. 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, 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 over 350 data centers around the world.
Under the terms of the deal, AT&T 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.