Telefonica to Sell 11 Data Centers to Asterion for €550 million

7d ago
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Telefonica to Sell 11 Data Centers to Asterion for €550 million Image Credit: FreedomTumZ/Bigstockphoto.com

Telefónica has signed an agreement for the sale of 11 Data Centres to Asterion Industrial Partners, the Pan-European infrastructure fund manager, for a total amount of 550 million euros.

The sale includes the signing of a housing services agreement. Telefónica will continue to provide and manage the services it has been offering its customers from these centers and will maintain the direct relationship with them. In turn, this agreement will allow Asterion to leverage the sales network of the Telefónica Group's operations to market the remaining capacity of the Data Centers.

Telefónica therefore maintains its commercial positioning, the relationship with its customers and its leadership in offering connectivity services and cloud capabilities for the corporate segment. Telefonica will continue to offer its portfolio of services from a network of 23 Data Centers, including the 11 of the sale. The perimeter of the operation does not include the sale of servers owned by Telefónica, or the management and access to customers hosted on them.

The agreement announced is part of the Telefónica Group’s asset portfolio management policy based on a strategy of value creation, improving return on capital and strategic positioning. It also complements the objective of organic debt reduction and strengthening the balance sheet in a growing cash flow scenario, which allows the company to maintain a sustainable and attractive shareholder remuneration.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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