Brookfield completes takeover of AT&T data centres, renames business Evoque

Nieuws Breedband Verenigde Staten 2 JAN 2019
Brookfield completes takeover of AT&T data centres, renames business Evoque

AT&T announced that it has completed the sale of its data centre colocation operations and assets to Brookfield Infrastructure and its institutional partners, as first announced in June. Brookfield has set up the company Evoque Data Center Solutions to continue the business and take over customer contracts and employees. 

Under the partnership agreed with Brookfield, AT&T will offer Evoque’s colocation services to business customers. This is part of a wider offering of services to AT&T customers from over 350 data centres around the world.

Under the terms of the sale, AT&T has received USD 1.1 billion, which will go to reducing the company’s debt. AT&T targets a net debt ratio of 2.5x EBITDA by the end of 2019. 

Categories:

Vast

Countries:

Verenigde Staten

Tags:

Hosting - cloud - data centres, M&A buyouts & divestments

Related Articles

WERELD 22 OCT 2019

IX Reach announces partnership with Evoque Data Centers

IX Reach, global cloud and connectivity services provider, has announced a partnership with global data centre operator Evoque Data Center Solutions, to add four new locations to its network.

INDIA 13 FEB 2019

Brookfield to acquire Reliance Jio telecom tower, fiber assets - report

Private equity investor Brookfield Asset Management is in early talks to acquire a stake in Reliance Jio's telecom towers and fiber assets, valued at over USD 15 billion (approximately INR 10 million), Times of India reports, citing unnamed sources close to the matter. Jio recently announced it is spinning off tower and fiber into two separate entities. Jio currently has more than 220,000 towers, and 300,000 km of fiber optic infrastructure, serving a customer base of nearly 300 million.

NEDERLAND 31 JAN 2019

Brookfield mulling bid for KPN - report

Canada's Brookfield Asset Management is mulling an offer for Dutch carrier KPN, Bloomberg reported, citing sources. The asset manager is talking with Dutch pension funds PGGM and APG about partnering on the bid. The company had a market value of EUR 10.6 billion at market close on 30 January, before reports of the talks came up. The sources noted however that Brookfield has not approached KPN itself yet and that the process is at a very early stage. It may not even yield an offer, they added. The report pu

NEDERLAND 31 JAN 2019

Aandelenkoers KPN maakt sprong na geruchten overname door Brookfield uit Canada

De aandelenkoers van KPN is in korte tijd met 7 procent gestegen nadat er geruchten ontstonden met betrekking tot een eventuele overname van het Nederlandse telecombedrijf. De Canadese vermogensbeheerder Brookfield Asset Management zou volgens Bloomberg pensioenfondsen gepolst hebben over een eventueel bod. In eerste instantie steeg de beurskoers met 10 procent, waarna dit terugging tot 7 procent. 

VERENIGDE STATEN 17 JAN 2019

Stack Infrastructure, Hillwood, IPI Partners enter partnership to create Hyperscale Data Center Campus at AllianceTexas

Stack Infrastructure and real estate company Hillwood partnered to co-develop a data centre campus at AllianceTexas. The partnership is a continuation of the joint venture originally formed in October 2017 between Hillwood and IPI Partners, an investor in data centres and other technology and connectivity-related real assets co-sponsored by Iconiq Capital and an affiliate of Iron Point Partners. This announcement follows the recent launch of the Stack platform on 15 January.

VERENIGDE STATEN 21 JUN 2018

AT&T to sell data centres to Brookfield Infrastructure for USD 1.1 billion

AT&T announced a new strategic alliance with Brookfield Infrastructure and its institutional partners to transfer its data centre colocation operations and assets to Brookfield. Under Brookfield's ownership, the business will continue to deliver colocation services to customers in 18 Internet Data Centers (IDCs) in the US and 13 outside the US. The data centre operations serve more than 1,000 companies across the technology, financial, industrial, media retail and other sectors worldwide.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.