Data centres: Telefonica sells four centres for 20 per cent stake

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Data centres
Data centres: Telefonica sells four centres for 20 per cent stake

The transaction includes four data centres operating with a combined capacity of 9 megawatts in Spain and Chile, Telefonica said

On Monday, Spanish Telecom Company Telefonica said that it has agreed to sell its four data centres to Nabiax. The latter had already bought 11 of its centres, in exchange for a 20 per cent stake.

The transaction includes four data centres operating with a combined capacity of 9 megawatts in Spain and Chile, Telefonica said.

Telecom infrastructure company Nabiax operates data-centres in Spain and Latin America and is controlled by investment fund Asterion Industrial Partners.

After Asterion bought 11 data-centres from Telefonica in 2019 for 550 million euros ($668.80 million), Nabiax was created. Asterion and co-investors will keep 80 per cent in Nabiax after the transaction announced on Monday.

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