Drahi’s Altice Sells Data Centers Stake for €535 Million
- Morgan Stanley Infrastructure Partners bought the assets
- Patrick Drahi’s Altice seeks to reduce a $60 billion debt pile
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Altice France has agreed to sell a 70% stake in its data center business for €535 million ($586 million) as billionaire Patrick Drahi’s telecommunications group looks for ways to cut debt.
The data centers will be moved into a new company called UltraEdge, controlled by Morgan Stanley Infrastructure Partners, Altice France said in a statement on Tuesday. The assets include 257 data centers and office space from Altice’s carrier SFR, it said.