Colt has completed the sale of twelve of its data centres in Europe to AtlasEdge Data Centres. The portfolio includes data centres in key tier one and tier two markets across Europe, including Amsterdam, Barcelona, Berlin, Brussels, Copenhagen, Hamburg, London, Madrid, Milan, Paris and Zurich. No financial details of the deal were disclosed.
Over the last few years, Colt Data Center Services has focused on building and developing larger hyperscale data centre sites in Europe and APAC, anchored by customers in large population centres. Having conducted a review of its portfolio, Colt DCS identified twelve colocation sites that were better suited for an operator such as AtlasEdge, which is exclusively focused on developing the emerging colocation market in Europe.
Refining Colt DCS' existing portfolio will allow the business to strengthen its longstanding relationship with its hyperscale and large enterprise customers, which benefit from the economies of scale provided by Colt DCS, the telecom operator said. It will also allow the organisation to focus on accelerating the execution of its hyperscale strategy and increasing capacity in key markets that its customer want to enter and expand in. The company said its hyperscale facilities, including those that are currently under construction, will not be affected by the sale and will continue to be owned by Colt Data Centre Services.
In line with Colt DCS' capacity roadmap and land banking strategy, the company has a number of sites due to be completed in the next couple of years in Europe, India and Japan. This will see the organisation rapidly extend its portfolio with a combined total IT power capacity in excess of 450 MW.
AtlasEdge, a joint venture set up by Liberty Global and Digital Bridge, will grow to more than 100 data centres across 11 countries in Europe following the takeover. The company said it supports more than 700 customers and provides connectivity to more than 50 different on-net carriers from its data centres. Colt Technology Services will continue to serve as an anchor tenant in the acquired data centres.
