Asterion informs competition authority of Covilhã MEO data centre acquisition

Asterion Industrial Partners, a European investment firm for infrastructure (telcos, energy, transport), has informed Portugal’s Competition Authority of its acquisition plans for a data centre in the North of Portugal at 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 in 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 Data Centre controlled by MEO,

MEO operates a 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 for 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 currently has 6.8MW of installed capacity and a modular design that permits significant expansion to 75MW through new integrated modules at the existing campus.

SOURCE: LUSA and ECO