Announced
Completed
Financials
Sources
Tags
telecommunications
Spain
Telecommunications Services: Other
Acquisition
Cross Border
Majority
Private
Private Equity
Completed
Friendly
Single Bidder
Synopsis
ICG, a private equity investment firm, and Teras Capital, an investment firm, completed the acquisition of data center business of Avatel, a telecommunication company. Financial terms were not disclosed. Avatel concentrates its data center division through Beta Data Center, a vehicle established more than two years ago and which was based on the construction, leasing and transfer of these infrastructures that provide wholesale and retail telecommunications services.
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