Telefonica Carves Out Eleven Data Centers

May 9th, 2019 by · Leave a Comment

Telefonica has announced a deal to sell a broad portfolio of data centers to Asterion Industrial Partners.  The arrangement will see 11 facilities in the Americas change hands.

Asterion is paying €550M to acquire eleven facilities across seven countries in Spain and the Americas.  Two each were in Spin, Brazil, Peru, and Argentina, and one each was in the USA, Mexico, and Chile, a footprint adding up to some 27MW in all.

Telefonica will keep its current customers, taking up the same space within those facilities it already does.  But the facilities themselves will go to Asterion, which will take the excess space to market leveraging Telefonica's sales network.

The deal will close in a couple months, and Telefonica will do what it has been doing with all cash raised from asset sales in recent years: reduce its debt and improve its balance sheet.

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Categories: Datacenter · Mergers and Acquisitions

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