AT&T recently announced it aligned with Brookfield Infrastructure and its institutional partners to move its data center co-location operations and assets to Brookfield, reports Inside Towers. The business will continue to deliver co-location services to customers in 18 Internet Data Centers (IDCs) in the United States and 13 outside the U.S. under Brookfield’s ownership, according to AT&T.
The co-location data center operations provide a customer base of more than 1,000 companies across numerous industries that include finance, technology and media retail.
The agreement states AT&T will receive $1.1 billion, which it will put towards debt. Once the deal is complete, which is expected to happen in six to eight months, customer contracts, employees supporting the co-location operations, fixed assets, leased and owned facilities will move over to Brookfield.
AT&T will then continue deliver networks services to its customers at the IDCs. The carrier will become a sales channel for the business and will service as the anchor tenant for the co-location operations.
Brookfield is a global essential infrastructure owner and manager. Some of the sectors it oversees include communications, utilities, transport, energy, renewable power and sustainable resources. It is creating a wholly-owned company that will own and operate the carrier’s assets and plans to appoint Tim Caulfield as chief executive officer of the new business. Caulfield currently serves as CEO of the IT management consultancy ANTARA Group.