UPDATE: BC Partners Said in Lead to Acquire CenturyLink's (CTL) Data Centers - Reuters

October 11, 2016 3:39 PM EDT

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(Updated - October 11, 2016 3:46 PM EDT)

BC Partners is in position to acquire a data center business from CenturyLink (NYSE: CTL), according to Reuters, citing people familiar with the matter. The company is hoping to divest the asset for more than $2.5 billion. Another private equity consortium which had also pursued the data center broke apart without any deal reached.

The report said the sale process has been complicated by leases that CenturyLink has with Digital Realty Trust (NYSE: DLR).

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