Telefónica has signed an agreement with investment fund Asterion Industrial Partners, to sell four Data Centers (DCs) currently owned by the Telefonica Group (two in Spain and two in Chile) in exchange of 20% stake in Nabiax.
Asterion Industrial Partners controlled Nabiax operates data centres in Spain and Latin America. The transaction does not include the sale of servers owned by Telefónica, nor the management and access to customers hosted on them. Telefónica will therefore continue to provide and manage the services that it has been offering to its customers from these DCs and will maintain the direct relationship with such customers.
The agreement allows Telefónica to crystallize the value of its infrastructure assets, while preserving intact Telefónica’s commercial positioning, client relationships and leadership in cloud, hosting and housing services provided to corporate customers. Additionally, through the 20% stake that Telefónica Infra will hold in Nabiax, Telefónica retains exposure to a global data center platform with attractive growth prospects participating in the company’s value upside.
Furthermore, Nabiax and Telefónica will continue developing their existing commercial cooperation and will explore new joint business opportunities, such as new services, edge computing and data centre automation.
