Telefónica sold four data centers to Asterion Industrial Partners in exchange for a 20 percent stake in its Nabiax hosting business.

The Spanish telco this week announced it has sold two facilities in Chile and two in Spain (previously reported to be in Madrid and Terrassa) to the Spanish investment management firm. Asterion and its co-investors will retain the remaining 80 percent of Nabiax.

– Telefónica

Asterion bought 11 data centers from Telefónica for €550 million ($616 million) in 2019. The deal totaled 29MW across seven countries: two each in Argentina, Brazil, Spain, and Peru, with additional individual sites in Chile, Mexico, and the US. After the acquisition, Asterion formed Nabiax to offer colocation and hosting services across Spain and Latin America.

Telefónica said this latest transaction does not include company hardware in the data centers nor the management or access to customers hosted on them. The company will 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."

Telefónica said the two companies “will continue developing their existing commercial cooperation and will explore new joint business opportunities, such as new services, edge computing and data center automation.”

Rumors of the sale were first reported by El Economista in February, with the telco reportedly planning to sell the facilities to Nabiax for €100 million ($120 million).