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Telefonica set to receive EUR 600 mln for data centres

3 months ago by Lucy Cinder

Telefonica set to receive EUR 600 mln for data centres

data centre news

Telefonica is set to receive EUR 600 million from investment fund Asterion for its data centre business, according to unnamed sources cited by Spanish online newspaper El Confidencial. The operator’s board approved Asterion’s bid after assessing binding offers from a number of infrastructure and investment funds, said the report, adding that the company took nearly a month to consider the offers due to security issues. Telefonica subsequently told Reuters that the deal had yet to be confirmed while Asterion declined to comment.

The Spanish operator announced in February that it was looking to sell the 25 data centres based in Europe, the US and Latin America, as part of its efforts to reduce debt. The portfolio includes eight centres in Spain, three in Brazil, three in Colombia, three in Ecuador, two in Peru, two in Chile, two in Argentina, one in Miami and another in Mexico. The divestment could reduce its debt to less than EUR 40 billion.

Source: telecompaper

Industry: Data Centre news

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