CenturyLink, Inc. plans to sell its data centers and co-location business to funds advised by BC Partners. The consortium includes Medina Capital Advisors and Longview Asset Management. CenturyLink will receive $2.15 billion in cash, subject to offsets for capital lease obligations and various working capital and other adjustments, and a minority stake to be valued at $150 million in the consortium’s newly formed global secure infrastructure company. CenturyLink plans to use the net proceeds from the sale to partly fund its acquisition of Level 3 Communications announced on Oct. 31. CenturyLink operates in Iowa and has offices in Des Moines.