Asterion Industrial Partners, a European investment firm for infrastructure (telcos, energy, transport), has informed Portugal’s Competition Authority of its acquisition plans for the PT Data Centre in Covilhã, belonging to Altice Portugal.
Asterion will pay an expected €120 million for the data centre, a plan it announced in November.
The acquisition will be done via Asterion’s subsidiary company Mezan, “an investments management company focused on infrastructure investments in the European mid-market”.
Its strategy is mainly centered around the telecoms, energy, public utility and mobility services on the Iberian Peninsula, Italy, France, and the United Kingdom.
Mezan aims to acquire “exclusive control” of Portugal Telecom (PT) Data Centre controlled by MEO.
MEO operates the hyper scaled data centre in Covilhã which provides housing-related services meaning the “data centre space, energy infrastructure, refrigeration, and land”.
“It can also support artificial intelligence training models across Europe as well as low-latency AI inference from the Iberian Peninsula and non-latency-sensitive AI inference in the rest of Europe.
The data centre allows for the addition of up to 75 MW through new modules integrated into the existing campus and has the potential to reach approximately 175 MW on adjacent land that already has a guaranteed electricity supply.
Source: Essential Business
