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Stonepeak buys Lumen’s Latin America business for $2.7bn

Lumen Technologies (NYSE: LUMN) has signed a definitive agreement with US$37 billion alternative investment firm Stonepeak Infrastructure Partners to sell its Latin American business for $2.7 billion. Under the terms of the purchase agreement, Lumen will divest its Latin American business, which will operate as an independent, US-headquartered portfolio company of Stonepeak...

SafeHost puts $142m towards data centre expansion

Continuing Switzerland’s data centre market construction boom, national operator SafeHost has now unveiled plans to invest CHF 131.5 million (US$142.5 million) in expanding its portfolio. The cash commitment is destined to be used in the expansion of its SH2 data centre in Gland, one hour drive from Geneva. The Webuild Group, through its subsidiary CSC Costruzioni SA i...

Ascendas REIT launches European data centre takeover with $672m M&A spree

Ascendas Funds Management, in its capacity as the manager of Ascendas Real Estate Investment Trust (SGX-ST: A17U), has announced a proposed acquisition of a portfolio of data centres located across Europe for S$904.6 million, about US$671.57 million, from subsidiaries of Digital Realty Trust. The portfolio comprises 11 data centres located across the UK (4 properties), the ...

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