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The fund will finance new data centre projects, with an initial 20MW development already in the pipeline.
In its quarterly result today, Poste Italiane revealed that it has set up a €600 million co-investment fund aimed at jointly deploying new data centres in Italy.
The fund, approved by the Bank of Italy in September, is already involved in an initial project to deploy facilities with a combined total capacity of 20MW.
The fund will use a co-investment model, with Poste seeking to attract institutional and third-party investors to help finance new facilities. According to CEO Matteo Del Fante, the structure will allow data centre projects to be developed through dedicated special-purpose vehicles outside the group’s consolidated balance sheet, reducing the amount of capital Poste itself needs to commit.
Poste is controlled by the Italian state and operates mail, financial, energy, and mobile services throughout the country. It recently acquired a controlling stake in the nation’s largest telco, Telecom Italia (TIM), raising its equity from 18.3% to 87% in a deal worth an estimated €13 billion and expected to deliver €700 million in annual synergies.
The company had been seeking control of TIM for years, buying a 9.8% stake in 2025 that was subsequently increased to roughly 20% thanks to the acquisition of shares from Vivendi.
Part of takeover’s attractiveness lay in TIM’s existing digital infrastructure footprint, with Poste aiming to accelerate the company’s shift into digital, telecom, and cloud services.
TIM already owns and operates 18 data centres with a combined capacity of 120–125MW.
The fund is part of a broader push by Poste to expand its position in Italy’s digital infrastructure market, which includes the separate development of 70MW data centre in Lombardy.
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