AT&T sells data center business in $1.1 bn deal with Brookfield

American wireless major AT&T announced a $1.1 billion deal with Brookfield to sell its data center co-location business.
Brookfield will deliver colocation services to customers in 18 Internet Data Centers (IDCs) in the United States and 13 outside the United States. The colocation data center operations serve more than 1,000 companies across the technology, financial, industrial, media retail and other sectors worldwide.

AT&T will deliver network services to its customers at the IDCs. AT&T will be an active sales channel for the business and will be the anchor tenant of the colocation operations.

AT&T will offer customers access to colocation services at more than 350 data centers — including transferred IDCs — around the world as part of AT&T’s colocation ecosystem program.

Brookfield will appoint Tim Caulfield as CEO of the business. Tim Caulfield is currently CEO of ANTARA Group, an IT management consultancy focused on the Internet-as-a-Service segment with experience in data center services.