Poste Italiane sets up €600 million fund to invest in data centers.

Poste Italiane SpA has launched a co-investment fund targeting €600 million (about $665 million) to invest in projects including data centers, according to Bloomberg Technology. The move extends the Italian postal group's push into digital infrastructure following its acquisition of Telecom Italia SpA. The fund size signals Poste Italiane's intent to deploy meaningful capital into Italy's data-center buildout as demand for cloud and AI capacity grows. It also positions the group alongside other European incumbents diversifying from traditional postal and financial services into digital assets. What to watch next: the fund's final close, the identity of co-investors and operating partners, and which specific data-center projects and sites are named first.