The infrastructure investment company Asterion Industrial Partners announced this Friday, the 28th, its entry into the data center market in Portugal, through the purchase of the Covilhã Data Center Campus from Altice Portugal, for 120 million euros.
The entity detailed, through a statement, that the Covilhã data center currently has 6.8 megawatts (MW) of installed capacity and a modular design that allows for significant expansion.
The center allows the addition of up to 75 MW through new modules integrated into the existing campus and has the possibility of reaching approximately 175 MW on adjacent land that already has a guaranteed electrified supply.
The center, located 200 kilometers (km) from Porto and 220 km from Lisbon, can serve both the Portuguese market and European operators in the area of Artificial Intelligence (AI) that require high-performance computing infrastructure.
In general terms, it was specified that Altice Portugal will continue to be the main customer of the Covilhã center under a long-term service contract, to reinforce a strategic alliance that provides continuity and visibility to both parties.
For the investment company, the Portuguese market has several advantages, such as competitive energy prices, robust terrestrial connectivity and a favorable regulatory environment.
“Portugal also stands out as one of the most advanced fiber optic markets in Europe and benefits from a resilient energy system, supported by significant investment in renewable energy”, says the statement.
Completion of the transaction, subject to relevant regulatory approvals, is scheduled for the first quarter of 2026.
This is Asterion’s second operation in the data center sector, following the sale, last year, of Nabiax, the platform in Spain that the company had developed with Telefónica since 2019.