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AT&T Closes $1.1B Sale Of Data Center Business As New Colocation Provider Emerges

January 03, 2019 / Gina Narcisi

AT&T rang in the new year by completing the sale of its data center colocation operations and assets to Canadian asset management investment firm Brookfield Infrastructure.Brookfield, for its part, has launched a new, wholly-owned company called Evoque Data Center Solutions, which it will use to own and operate the data center assets. The transaction includes 18 of AT&T's data center facilities in the United States and 13 outside the country. The deal, first announced in June, came just one week after AT&T completed its $85.4 billion blockbuster acquisition of Time Warner. Brookfield said that all customer contracts, employees supporting the colocation operations, fixed assets, leases and specified owned facilities, have been transferred to Brookfield.