CenturyLink shifts 57 data centres, including 5 in the UK, to fund acquisition of Level3 Communications
US communications firm CenturyLink is selling its global network of data centres for $2.15 billion and will use the proceeds to fund the acquisition of rival provider Level 3 Communications, a transaction announced earlier this week.
As rumoured, BC Partners is the buyer for the data centre business, but CenturyLink will continue to offer colocation services as part of an agreement with the new owners that will take effect once the takeover is completed.
That is expected to take place in the first quarter of 2017.
CenturyLink had been keen to sell off its data centre business and had hoped to raise as much as $2.5 billion so it could focus on other areas like network services, managed hosting and cloud.
A number of other telcos, including Verizon, are also looking at offloading their data centre portfolios too.