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AT&T sold its retail colocation business and related assets to Brookfield Infrastructure for $1.1 billion. Brookfield reported that the deal closed on December 31, 2018; AT&T announced completion the following day. The sale covered specified facilities and operating relationships—not every data center or data-center service associated with AT&T.
What did Brookfield buy from AT&T?
The transaction covered AT&T’s multi-tenant colocation operations and related assets. AT&T said customer contracts, supporting employees, fixed assets, leases, and specified owned facilities transferred to Brookfield Infrastructure and its institutional partners. The sources do not describe this as a sale of AT&T’s entire network infrastructure or every service involving data centers.
Brookfield reported a portfolio of 31 data centers across five continents, 11 countries, and 26 metro markets. A contemporaneous trade report described the facilities as 18 in the United States and 13 elsewhere; the different geographic descriptions should be treated as attributed counts, not as a current footprint. Brookfield also said the business served more than 1,100 customer companies and generated approximately 85% of its revenue in the United States. These figures describe the portfolio at the time of the transaction.
Sources: AT&T’s completion announcement; Brookfield Infrastructure Partners’ second-quarter 2018 letter; contemporaneous facility-count report.
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How much did AT&T receive, and when did the deal close?
| Date or amount | What it means | Source |
|---|---|---|
| June 2018 | Brookfield said it had agreed to acquire the business for $1.1 billion. | Brookfield, Q2 2018 |
| December 31, 2018 | Brookfield reported closing the U.S. acquisition. Its $160 million figure was an investment at the partnership level, not the headline purchase price. | Brookfield, Q4 2018 |
| January 1, 2019 | AT&T announced the completed sale and said it had received $1.1 billion. | AT&T, January 1, 2019 |
Who operates the former AT&T colocation centers?
Brookfield formed Evoque Data Center Solutions to own and operate the acquired assets. The transaction therefore changed the owner and operator of the sold colocation business, while AT&T retained a commercial connection to it.
AT&T said Evoque joined its global colocation ecosystem program, through which AT&T would offer Evoque’s colocation services to business customers. AT&T described that broader program as providing access to more than 350 data centers. That figure refers to the ecosystem program at the time, not the number of facilities Brookfield bought.
Brookfield said AT&T remained the largest tenant and a strategic partner after the transaction. The arrangement was not simply a clean break: the assets transferred, but AT&T continued to have a tenant and channel relationship with the business.
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- Easy equipment configuration: Fully adjustable mounting rails and numbered U positions, with square holes for easy equipment mounting with top and bottom punchout panels for easy cable access
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- PCI & HIPPA and EIA/ECA-310-E compliant
Source: AT&T’s completion announcement; Brookfield Infrastructure Partners, Q2 2018.
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AT&T said it would use the proceeds to support its goal of reducing net debt to EBITDA to the 2.5x range by the end of 2019. That was the company’s stated target when it announced completion; the announcement does not establish whether AT&T ultimately reached it.
For a personal-finance reader, the distinction between a stated financial goal and a verified result matters: the $1.1 billion proceeds are reported as received, but they do not by themselves show the eventual effect on AT&T’s leverage or the performance of the sold portfolio.
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Source: AT&T, January 1, 2019.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What the sale does—and does not—tell investors
The deal establishes the announced purchase price, transferred business scope, portfolio scale reported at the time, and the post-sale relationship between AT&T and Evoque. It does not establish a transaction-level return for Brookfield, current standalone operating metrics for the original 31-center portfolio, or whether AT&T met its leverage target.
Brookfield’s 2025 annual letter later described its U.S. retail colocation business as recording 11 consecutive quarters of record bookings. That is Brookfield’s later company-level statement, not an independently audited performance series isolating the original AT&T portfolio. It should not be used as a direct measure of returns on this acquisition.
Source: Brookfield Infrastructure Partners, 2025 annual letter.
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