At a glance
- The Bank of Italy approved the vehicle in September and Poste confirmed it on its earnings call.
- For a third-party co-investor, the leverage is the due-diligence item: 80% off-balance-sheet debt leaves a small equity check against 20MW of assets.
- Poste completed its takeover of TIM in September, lifting its stake to 85% after adding 65.7%, as Private Wealth Daily previously reported.
Poste Italiane created a €600 million ($665 million) co-investment fund to finance data centers and other digital infrastructure in Italy, Data Center Dynamics reported.
The Bank of Italy approved the vehicle in September and Poste confirmed it on its earnings call. The first pilot will finance 20MW of new data center capacity. Equity will be split among Noovle, TIM and a third-party investor. Debt will cover 80% of the total investment and is structured off balance sheet, CEO Matteo Del Fante said on the call.
For a third-party co-investor, the leverage is the due-diligence item: 80% off-balance-sheet debt leaves a small equity check against 20MW of assets. TIM operates 18 data centers with about 125MW of capacity, so the pilot is roughly 16% of that footprint.
Poste completed its takeover of TIM in September, lifting its stake to 85% after adding 65.7%, as Private Wealth Daily previously reported. The fund follows Poste's July confirmation that it is developing a 70MW data center in Lombardy.
The 20MW pilot is small next to TIM's capacity
Data center capacity in megawatts; TIM is operating today, the others are planned
- TIM footprint125 MW
- Lombardy project70 MW
- 20MW pilot20 MW
Show as table
| Item | Value (MW) |
|---|---|
| 20MW pilot | 20 MW |
| Lombardy project | 70 MW |
| TIM footprint | 125 MW |
Reported by the Data centers & fiber desk from Data Center Dynamics. Published . Corrections