Belgian telco Proximus is considering selling its data center unit for around €300 million ($329m).

Reuters reports that the company has tapped bankers to begin working on a sale, which could be used to help fund 5G and fiber network rollouts. The division currently makes around €20m before interest, tax, depreciation, and amortization.

"No definitive decisions have been taken today on the nature or scope of these further divestments," a Proximus person said, claiming that the company "regularly evaluates" its portfolio.

The company operates data centers in Belgium for its own needs, as well as for local IT hosting. In 2021, HCL Technologies announced that it would manage Proximus’ private cloud infrastructure.

Earlier this year, Proximus partnered with Google to offer sovereign cloud services in Belgium and Luxembourg.

The telco is 53 percent owned by the Belgian state and has a total market value of $2.75bn. Proximus acquired Indian cloud communication service provider Route Mobile for 59.22 billion rupees ($721m) earlier this month.