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Stonepeak buys $2.5bn CoreSite stake from American Tower

The US$10.5 billion platform’s data centre portfolio consists of 27 data centres in 10 U.S. markets, more than 450 networks, 23 native cloud on-ramps and over 35,000 interconnections.

By TTC Newsroom

4 Mins

July 18, 2022 | 1:48 PM BST

Digital infrastructure operator American Tower Corporation (NYSE: AMT) and alternative investment firm Stonepeak have announced that Stonepeak, on behalf of certain affiliated investment vehicles, will acquire an ownership interest of approximately 29% in American Tower’s U.S. data centre business as part of a new long-term strategic partnership.

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