Italian fiber operator Retelit, owned by Asterion Industrial Partners, is mulling the sale of its data center business. Sources suggest the unit could be valued up to €700 million. While early in the process, a market launch could happen early next year. No formal sale process has begun, according to the company.

Retelit operates 38 data centers across Italy. A potential sale would allow debt reduction and capitalize on valuation gains in digital infrastructure. The data center sector has become a private equity favorite due to growing demand. Milan is a key hub, attracting interest from hyperscalers and infrastructure investors.

This potential deal follows a €370 million investment program across Retelit's fiber and data center footprint. The company provides services to telecom operators, enterprises, and cloud providers. The move reflects the increasing value placed on digital infrastructure assets and the strategic shift towards cloud services.

Investors will watch for the final decision and the potential buyer pool. The sale would provide crucial funding and could signal further consolidation in the European data center market. Market watchers will be keenly following the progress of the deal and its implications for the industry.