Monday , June 14 2021

Telefónica will create a subsidiary that will sell its data centers up to 1,000m euros



Telecommunications

The company has 25 data centers in nine countries that offer Telefónica's customers and internal systems in Spain and Europe.

Pressure on Jose Maria Álvarez-Pallete to reduce debt to Telefónica is intensifying. The company has designed a preliminary plan to earn cash by working with data, according to financial sources.

Telefónica will create a company that will pack the business, as data centers spread through several of its subsidiaries. The operator explains in his accounts in 2017 that Telefónica España and Telefónica Hispanoamérica include the business results of the data centers in Spain and Chile, respectively. Before they are calculated under the heading "other companies," the Spanish newspaper Cinco Días reported.

Once this is done, a sales book will be published, which will include the full or partial sale of the new subsidiary. Bank of America Merrill Lynch is signing Telefónica to carry out subtraction for up to 1,000m euros. A spokeswoman for Telefonica refused to comment on this information. On November 6, the Bloomberg agency announced that the company was considering switching.

The company has 25 data centers in nine countries, offering customer service and internal systems at Telefónica in Spain and Europe. It offers cloud services (clouds) to companies across eight facilities in Spain, three in Brazil and the same number in Colombia and Ecuador.

There are also centers in Peru (2), Chile (2) and Argentina (2), as well as a major center in Miami (USA) and another in Mexico. It offers, among others, server hosting services, digital archiving and business continuity.

The company has several open fronts in order to reduce its debt. In addition to data centers, the subsidiaries of Mexico and Central America are negotiating for sales. The latter control 60%. At that time, he had already tried the IPO of its subsidiaries in Argentina and Britain and Telxius in 2016, but I can not bring them to realization for various reasons.

On November 8, it sold 161m euros to its insurer Antares at Catala Occidente. It has materialized a capital gain of 90 million euros with the operation. Telefónica also sold two subsidiaries in the digital domain, Tokbox and Digital Inc.

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