Brookfield Infrastructure Partners L.P. (NYSE:BIP) and its institutional partners agreed to acquire data center colocation operations and assets from AT&T Corp. for $1.1 billion on June 21, 2018. Partnership’s share of equity is approximately $160 million. At close, customer contracts, employees supporting the colocation operations, fixed assets, leased and owned facilities will transfer to Brookfield. Brookfield is establishing a wholly-owned company to own and operate the assets and intends to appoint Tim Caulfield as Chief Executive Officer of the business. The transaction is subject to customary closing conditions including regulatory approvals. Closing is expected to occur within six to eight months. AT&T will use these proceeds to pay down debt. Deutsche Bank Aktiengesellschaft and Barclays Capital Inc. acted as financial advisors to Brookfield Infrastructure Partners L.P. Merrill Lynch acted as financial advisor to AT&T Corp. Anil Kasturi, Nandita Govind, Ravi Prakash, Siddharth Khanna and Aditya Singh Chandel of AZB & Partners acted as legal advisor to AT&T Corp. Adrian Perkins, Marie Vlassis, Alexander Galanos, Sam Monk, Malcolm Brennan, Patrick Gunning, Nick Valentine, Michael Causer, Christina Crossman, Felicity Savage, Michelle Tat, Sean Park, Andrew Gray, Annabelle Paxton-Hall, Leah Ranie, Joanne Langford, Victoria Lanyon, Hayden Flinn, Luke McCarthy, Stephanie Courtice, Cathy Yu, April Chow, Peter Bullock, SiuNigor Chow, Ivy Man, Libby Young, Mark Schaub, Atticus Zhao, Wang Jianyu, Guo Jiyu, Cecilia Lou, Sun Haoguang, William Jiang, Owen Ren, Lucy Lu, Ding Wu, Ci Zhang, John Sullivan, Elizabeth Blanch, Michael Lawson and Tian Xu of King & Wood Mallesons, China acted as legal advisors to Brookfield Infrastructure Partners L.P. Raymond E. Baltz, Jr., Jeffery K. Malonson, Spencer A. Stockdale, John M. Anderson, Graham Jones, Mark V. Thigpen, Kathryn Timmons, Natalie R. Gordon, John Lisy, Roland Macher, Marissa Coleman, William G. Roche, Angela Kang, Carolyn Zander Alford, Ye Cecilia Hong, Michael L. Urschel, Ayesha Chatterjee, Jennifer Tian, William C. Westbrook, CR Park, Ilan Kotkis, Stephen John, Krishna Omkar, Layla D'Monte, Laurent Bensaid, Aurelia de Viry, Elisabeth Laforce, Mark Davies, Daisuke Shimodaira, Jonathan Talansky, Daniel J. Friel, Ariana Fazel Wallizada, Kenneth A. Raskin, Jules Quinn, Donna W. Edwards, Mark P. Kelly, Myrna Salinas Baumann, Jona J. McCormick, Brian R. Meiners, Joseph A. Eisert, W. Scott Petty, Stephen Robert Shin and John Cantrell of King & Spalding LLP acted as legal advisors to Brookfield Infrastructure Partners L.P. BNP Paribas Securities Corp. and Deutsche Bank Securities Inc. acted as the financial advisors to Brookfield Infrastructure. Allen & Gledhill LLP also acted as legal advisor in the transaction.