Proximus signs €180 mn deal to sell datacenter business

Proximus has agreed to sell its datacenter business to Belgium-based Datacenter United as part of a strategy to divest €500 million in assets.

Guillaume Boutin CEO Proximus Group
Guillaume Boutin CEO Proximus Group

This €180 million deal includes datacenter infrastructure in Evere, Mechelen, and Machelen, along with contracts and employees dedicated to datacenter operations.

The sale involves transferring datacenter operations into a newly formed entity owned by Datacenter United. Proximus will enter into a 10-year master service agreement (MSA) with the new entity to ensure the continued provision of datacenter services and will sign a multi-year lease agreement for office and telco spaces in Evere and Mechelen.

The datacenters involved provide approximately 11 MW of capacity, supporting Proximus’ internal IT needs as well as enterprise B2B hosting and housing services.

The transaction will allow Proximus to reduce operational and capital expenditure (Opex and Capex), helping offset colocation and rental fees through savings in maintenance and infrastructure modernization costs.

Proximus aims to sharpen its focus on delivering integrated IT services and continuing its hybrid cloud strategy, leveraging partnerships with specialized providers like Datacenter United. This move enables Proximus to offer a mix of public, private, and on-premise cloud services, reinforced by AI, security, and managed services.

The sale is part of Proximus’ broader Bold2025 corporate strategy prepared by Proximus Group CEO’s Guillaume Boutin, aimed at asset optimization and reaching €500 million in divestments by 2027.

The deal is expected to close by Q1 2025, pending regulatory approvals and completion of discussions regarding employee transfers.

This strategic move allows Proximus to focus more on IT integration while ensuring that datacenter operations remain efficient and secure under the new ownership.

Latest

More like this
Related

What’s the size of telecom and pay TV spending market in 2024?

Worldwide spending on telecommunications and pay TV services is...

Australia reviews Vocus’ $3.39 bn takeover of TPG’s fixed assets

Vocus Group, backed by Macquarie, is set to acquire...

Who’s Brendan Carr, the next FCC chairman

President-elect Donald Trump has selected Brendan Carr, the current...

T-Mobile targeted in Chinese cyber-espionage campaign

T-Mobile US, one of the leading telecom operators in...