Spain's Cellnex is reportedly exploring a sale of its data center unit in France.

Citing people familiar with the matter, Reuters reports the tower company is talking with advisers regarding a potential sale that could value the business at a "few hundred million euros."

Cellnex is said to be exploring the deal as part of a strategy to focus on its core business amid a shift away from acquisitions to bolstering its finances.

The company declined to comment to the publication.

On its website, Cellnex says it has more than 100 Edge data centers across France operated through its NexLoop unit, which was founded in 2020.

According to NexLoop's website, around 80 of 130 planned facilities have been deployed across the country. The deployed sites currently total 1,140 sqm (12,2709 sqm) and 362kW, with another 546 sqm (5,875 sq ft) and 314kW under construction​. Deployed locations include Lille, Strasbourg, Paris, Quimper, Nantes, Bordeaux, Lyon, Grenoble, Marseille, and Nice.

Cellnex also operates four data center sites in Spain and 24 high telecom & data towers throughout the Netherlands - plus a larger Dutch data center at the media park in Hilversum.

Cellnex currently manages a portfolio of more than 138,000 tower sites – including planned roll-outs up to 2030 – in 12 European countries.

The company has sold a number of assets in the last 12 months. In March, it agreed to sell its Irish unit to Phoenix Tower International (PTI) for €971 million ($1.08bn). That deal is currently being probed by Irish regulators. Last month, Cellnex agreed to sell its Austrian business for €803 million ($896m).

The company was also linked with a sale of its Polish business operations earlier this year, in a deal valuing the assets at €3 billion ($3.35bn) excluding debt.

Last year, Cellnex agreed to sell a 49 percent stake in its Sweden and Denmark subsidiaries to Stonepeak for €730 million ($815m).