AT&T to receive $1.1 billion in deal with Brookfield Infrastructure [MarketWatch]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: MarketWatch
AT&T to receive $1.1 billion in deal with Brookfield Infrastructure AT&T Inc. T, -1.20% said Thursday it has entered an alliance with Broofield Infrastructure to offer colocation and other services to customers in 18 Internet Data Centers in the U.S. and 13 overseas. As part of the deal, AT&T will receive $1.1 billion, which it will use to reduce debt. Once the deal closes, expected in six to eight months, customer contracts, employees supporting the alliance, fixed assets, and leased and owned facilities will be transferred to Brookfield. "AT&T will become an active sales channel for the business and will be the anchor tenant of the colocation operations," the company said in a statement. "AT&T will continue to 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." AT&T shares were up 0.4% premarket but are down 17.7% in 2018, while the S&P 500 SPX, +0.17% has
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Sec Filings
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