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Broadband

CenturyLink sells data centre ops for USD 2.3 bln

Friday 4 November 2016 | 15:05 CET | News
CenturyLink has agreed to sell its data centres and colocation business to a consortium of funds advised by BC Partners for USD 2.15 billion in cash, plus a minority stake valued at USD 150 million in the consortium's newly-formed global secure infrastructure company. CenturyLink will keep hosting and cloud assets supporting its network-first and hybrid-IT strategy and will focus on IT services and systems, including network, managed hosting and cloud. Though it will no longer own the data centres, the company will continue to provide colocation services through a contract it plans to ink

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Categories: Fixed
Companies: CenturyLink / Level 3 Communications
Countries: United States / World
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