ICG and Teras Capital completed the acquisition of data center business of Avatel.

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.