Telefonica Confirms It Is Looking to Sell Data Centers
February 08 2019 - 7:05AM
Dow Jones News
By Cristina Roca
Telefonica SA (TEF.MC) is considering selling of some of its
data centers, it said Friday.
The telecoms company said in a press release that it is
"studying the potential sale of some of its data centers, which may
result in one or several transactions, related to either all or
some of those assets."
Telefonica's confirmation comes after Spanish newspaper El Pais
reported Friday that three North American companies have reached
the final bidding round for Telefonica's data centers, valued at
around $600 million.
Reports that the Spanish company was looking to divest from its
data centers in order to reduce its debt pile had already surfaced
in the Spanish press in November last year.
Write to Cristina Roca at cristina.roca@dowjones.com;
@_cristinaroca
(END) Dow Jones Newswires
February 08, 2019 06:50 ET (11:50 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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