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Home > Network/Internet > Telefónica Infra agrees with Asterion Industrial Partners the acquisition of a 20% stake in Nabiax

Telefónica Infra agrees with Asterion Industrial Partners the acquisition of a 20% stake in Nabiax

Telefónica agreed with Asterion Industrial Partners for the contribution of four data centers currently owned by the Telefonica Groupto Nabiax, colocation and housing service provider. 

Seda Nur Cinar by Seda Nur Cinar
May 11, 2021
in Network/Internet
1 min read
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Telefónica Infra agrees with Asterion Industrial Partners the acquisition of a 20% stake in Nabiax
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Telefónica has signed an agreement with Asterion Industrial Partners, an independent investment management firm, for the contribution of four data centers currently owned by the Telefonica Groupto Nabiax, Colocation and Housing service provider. The agreement includes a long-term housing services agreement that will enable Telefónica Group to maintain intact its commercial offer and leadership in connectivity and cloud services.

Developing commercial cooperation with Nabiax

As a result of this contribution, Telefónica Infra will receive a 20% stake in Nabiax, establishing an important strategic partnership with the company’s current shareholder, Asterion and its co-investors, who retain the remaining 80% of the share capital.

The agreement allows Telefónica to crystallize the value of its infrastructure assets while preserving intact Telefónica’s commercial positioning, client relationships and leadership in cloud, hosting and housing services provided to corporate customers.

Furthermore, Nabiax and Telefónica will continue developing their existing commercial cooperation and will explore new joint business opportunities, such as new services, edge computing and data center automation.

See more Network/Internet News


Tags: Asterion Industrial PartnersTelefónica Infra
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Seda Nur Cinar

Seda Nur Cinar

Seda Nur Cinar is the news editor of the Cloud7 News. With more than 8 years of Linux and cloud experience, Seda is a Linux and opensource enthusiast, security researcher and a web application developer.

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