Telecom giant AT&T have partnered with real estate firm Brookfield Infrastructure to provide co-location and data center services to various industries across the U.S. market. With this alliance, AT&T will provide low-latency data center services across 18 Internet Data Centers (IDCs) in the U.S. to large enterprises belonging to technology, financial, industrial, media and retail verticals.
According to AT&T, the number of clients choosing data center services is increasing and accommodating new businesses at existing data centers was becoming difficult. Since increasing their current market share in the U.S. market was essential, AT&T say that bulking their co-location prowess became imperative.
By partnering with Brookfield Infrastructure, AT&T say that they will provide tailor-made services to their clients belonging to particular sectors. They also claimed that as a part of this alliance, they will receive USD 1.1 billion to pay down debts.
Speaking about the range of services, AT&T say that the co-location space will offer cloud as well as SDN (Software Defined Network) solutions to their clients. They say that enterprises will be able to leverage AT&T’s global network to ensure high-speed network and connectivity.
In closing, the telecom giant said that the transaction is subject to customary conditions including regulatory approvals which will take six to eight months to close.