All IDCA News

By Loading

27 Dec 2022

Share on social media:

Altice Is Looking to Sell a Portuguese Data Center and Moat

Altice, one of the largest telecommunications companies in the world, is looking to offload its Portuguese data center and moat. The Portuguese facility has been a part of Altice's global infrastructure for many years, providing essential services to the company's customers worldwide.

The data center and moat are located in Alcabideche, Portugal, and have provided key services, including hosting, cloud computing, network security, and more, to the global business community.

Approximately €200 million ($216.6 million) could be extracted from the sale of Altice's Covilh data center operation in Portugal.

This 75,500-square-foot facility was originally built by Portugal Telecom and has a capacity for 50,000 servers with 12,000 square feet of colocation space spread across 24 data halls. It was launched in 2013 and completely expanded in 2018. It was further certified by Uptime as a Tier III Datacenter.

A moat surrounds the data center, a shape like a cube, to give the illusion it is floating on the water and helps create a cooler microclimate. The moat is fed by a rainwater collection system and on-site photovoltaic solar power, while the site also has a 600-tree garden.

The release also demonstrates that Altice is seeking to sell a portfolio of French data centers in a transaction that could be worth around $1.1 billion. It will begin receiving expressions of interest early next year.

There were reports from November that the French telco was looking to sell up to 92 data centers in France. This includes a handful of large facilities and dozens of smaller ones.

The owner of Altice was reportedly gauging interest in his Portuguese unit last year. Portugal Telecom was acquired by Altice from Oi in 2014 for around €5.79 billion. Altice Portugal operates five data centers totaling 17,000 square meters (183,000 square feet), while Altice's French subsidiary SFR operates 26, totaling 93,000 square meters (1 million square feet).

The company is currently discussing with potential buyers to find an ideal new owner for the data center and moat. According to Altice, the facility will continue to serve its customers during this transition period. In addition, its team is actively working with current clients to ensure seamless migration during any change of ownership.

The sale of the Portuguese data center and moat is just another example of Altice's commitment to enhancing its international portfolio. Over the last several years, the company has invested heavily in expanding its presence around the globe, providing innovative telecommunications services and products to customers worldwide.

Also read: Bridge Data Centres are Expanding to Thailand

Follow us on social media: