0
Broadband

Telefonica mulling sale of data centre business - report

Tuesday 6 November 2018 | 16:01 CET | News
Telefonica is evaluating the sale of its data centre business with a view to cutting down its debt pile, according to unnamed sources cited by Bloomberg. The company has hired financial advisers and is currently in the process of gauging interest from potential buyers including data centre specialist firms as well as infrastructure and private-equity funds, said the sources, adding that the sale could earn the Spanish group EUR 500 million to EUR 1 billion, depending on the assets included.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Telefonica / Telxius
Countries: Spain
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica Brasil says data centre asset sales would not affect operational capacity

Published 15 Mar 2019 14:50 CET | Brazil
The Telefonica Group is assessing the sale of data centre assets, including those of Vivo in Brazil. However, according to ...

Telefonica confirms possible data centre sale

Published 11 Feb 2019 09:59 CET | Spain
Telefonica currently owns data centres in Spain, the US and Latin America. It's said to be looking to earn EUR 500 million to EUR ...

Telefonica sells call centre stake to Digitex

Published 21 Dec 2018 10:31 CET | Spain
Telefonica has sold its stake in call centre business CATsa to Comdata's Spanish subsidiary Digitex for an undisclosed amount, ...

Last week in telecoms: sector slightly underperforms market, fibre joint ventures in focus

Published 12 Nov 2018 07:00 CET | Europe
The European telecoms sector slightly underperformed the general market in week 45. Our index ended the week up 0.3 percent, ...

Telefonica sells Spanish insurance business Antares for EUR 161 mln

Published 09 Nov 2018 13:36 CET | Spain
Telefonica has announced a deal to sell 100 percent of its Spanish insurance company Antares to Grupo Catalana Occidente for a ...

Telefonica Spain Q3 revenues stable at EUR 3.2 bln, adds 294,000 mobile clients

Published 31 Oct 2018 08:41 CET | Spain
As ever, the company was keen to stress the performance of its Movistar Fusion convergent offer, with customers up 4 percent year ...

Telefonica raises outlook as organic revenue growth improves to 2.7% in Q3

Published 31 Oct 2018 08:32 CET | Latin America
Telefonica raised its full-year outlook for organic revenue growth to around 2 percent from 1 percent, after results strengthened ...

Telefonica sells 10% stake in Telxius to Pontegadea for EUR 379 mln

Published 27 Jul 2018 14:52 CET | Spain
Telefonica has announced the sale of a 9.99 percent stake in its infrastructure subsidiary Telxius to Pontegadea, the holding ...

Telefonica mulling sale of fixed network to recover stock market value - report

Published 05 Jul 2018 08:44 CET | Spain
The board of directors of Telefonica has opened discussions on the possible sale of part of its fixed line network in Spain with ...

Telefonica hits 20 mln fibre homes in Spain - report

Published 22 May 2018 09:13 CET | Spain
Telefonica has reached the milestone of 20 million Spanish households with fibre-optic connections, the largest FTTH network in ...

Telefonica sells up to 40% of Telxius to KKR for EUR 1.3 bln

Published 21 Feb 2017 09:40 CET | Spain
Telefonica has confirmed the sale of up to 40 percent of its infrastructure subsidiary Telxius to private equity firm KKR for EUR ...