Unidata and Azimut Fund Launch €57 Million Green Tier IV Data Center Project in Rome

An announcement from Unidata S.P.A. ( (IT:UD) ) is now available.

Unidata S.p.A., listed on Euronext Milan’s STAR segment, has created a new company, UniCenter S.p.A., in partnership with Azimut Libera Impresa’s Infrastructure for Growth – ESG Fund to build a major green data center in Rome. UniCenter will be 75% owned by the fund and 25% by Unidata, with Unidata retaining operational management and continuing to run its existing data centers in Rome and Milan.

The planned Tier IV, neutral data center will have around 20 MW of power, capacity for more than 2,000 racks and a total area of 13,000 square meters, serving both national and international customers on a wholesale-only basis using renewable energy. The project involves an initial investment of €5.7 million from Unidata and €51.3 million from the fund, strengthening Unidata’s data center footprint and positioning it as a key infrastructure provider for high-power IT workloads above 30 kW.

The most recent analyst rating on (IT:UD) stock is a Buy with a EUR4.50 price target. To see the full list of analyst forecasts on Unidata S.P.A. stock, see the IT:UD Stock Forecast page.

More about Unidata S.P.A.

Unidata S.p.A. is an Italian telecommunications, cloud and IoT operator founded in 1985, with a fiber network of about 8,150 km, a wireless network and a proprietary data center. It serves more than 30,000 business, wholesale and residential customers with ultra-broadband FTTH connectivity, wireless access, VoIP, cloud services and IoT solutions for home automation and smart cities.

Average Trading Volume: 77,370

Technical Sentiment Signal: Sell

Current Market Cap: €91.12M

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