Italian fiber company Retelit is reportedly looking to sell its data center portfolio for €700 million ($830 million).

According to Bloomberg, quoting sources familiar with the matter, the company is in the early stages of planning the sale, which could take place early next year. However, Bloomberg’s sources stressed that no decisions had been made.

Retelit’s website suggests it has 38 data centers across key Italian cities, including Milan, Rome, Naples, Genoa, and Bologna. It also operates one in Innsbruck, Austria.

The Asterion Industrial Partners-owned company said it designed its data centers “with one goal in mind: to achieve excellence in performance, security, reliability, and scalability.”

In comments to Bloomberg, Retelit said it had not initiated the formal sale process of its data centers, and that data centers were key to its strategy, continuing plans for its $439 million data center investment program.

In April last year, Retelit agreed to purchase BT Italia in a move it said would boost its national data center infrastructure by an additional 10MW of power capacity.

Asterion Industrial Partners acquired Retelit and took it private in 2021. Founded in 1999, Retelit owns and operates more than 15,000 km of fiber across Italy.

Asterion previously founded Nabiax, a Latin American and Iberian data center operator in 2019 through the acquisition of 11 data centers from Telefónica. The company’s Latin American operations were sold to Actis in 2023, and Asterion sold the rest of the company to Keppel-linked European asset management company Aermont in 2024.

Asterion recently acquired Altice Portugal’s flagship data center in Covilhã.