Newspaper article St Louis Post-Dispatch (MO)

CenturyLink to Sell Data Centers, Colocation Business

Newspaper article St Louis Post-Dispatch (MO)

CenturyLink to Sell Data Centers, Colocation Business

Article excerpt

Telecom company CenturyLink Inc. announced Friday that it would sell its data centers and colocation business to a group of funds for $2.15 billion in cash and a minority stake to be valued at $150 million in the consortium's global secure infrastructure company.

The consortium, made up of funds advised by BC Partners, Medina Capital Advisors and Longview Asset Management, will own CenturyLink's portfolio of 57 data centers at the close of the deal, expected to be in the first quarter of 2017.

The sale affects only one St. Louis area facility a data center on James S. McDonnell Boulevard in Hazelwood and area employees who support the company's colocation business.

Globally, about 690 CenturyLink employees are affected by the sale, Frank Tutalo, a company spokesman said by email. …

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