AT&T Inc. closed the sale of its data center colocation operations and assets to Brookfield Infrastructure Partners LP and its institutional partners for $1.1 billion.
Brookfield created a wholly owned company, Evoque Data Center Solutions, to own and operate the assets. AT&T transferred customer contracts, employees supporting the colocation operations, fixed assets, leases and specified owned facilities to Brookfield. Evoque joins AT&T's global colocation ecosystem program where AT&T will offer Evoque's colocation services to business customers.
AT&T said the sale will support its goal of reducing the company's net-debt-to-EBITDA-ratio to the 2.5x range by the end of 2019.