Telefónica is selling four more data centers to Nabiax, a subsidiary of Spanish investment management firm Asterion Industrial Partners, according to El Economista.

In 2019 Telefónica sold 11 data centers to Asterion for €550 million ($616 million). The facilities 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 deal, Asterion formed Nabiax to offer colocation and hosting services across Spain and Latin America.

The new deal sees the Spanish telecoms firm selling four additional facilities to Nabiax for €100 million ($120 million). Two of the facilities are in Chile, and two are located in the Spanish cities of Madrid and Tarrassa.

El Economista reports that as part of the deal, a new company will be formed integrating both the four new data centers and the 11 Asterion purchased in 2019. Asterion-owned Nabiax will be the controlling majority, with Telefónica taking a stake in the new company. The deal has not been officially announced yet.

This week Asterion subsidiary Iberian Solar sold an 845MW solar portfolio in Spain to Lightsource BP. Last year Asterion bought Spanish telecoms infrastructure firm Axion from AMP Capital.