Narayan AmmachchiEquinix has acquired four data centers in Chile and Peru, hoping that its hybrid multi-cloud solutions will win over businesses looking for digital transformation in the Southern Cone region.
Three of these data centers are located in the Chilean capital Santiago, with the rest based in Lima, Peru.
Equinix (based in Redwood City, California) said it paid more than US$700 million for the four data centers, which could generate around US$53 million in annual revenue.
The data centers come with more than 100 customers, who operate in the financial services and technology industries, among a wide range of others.
“Latin America holds enormous potential,” said Charles Meyers, President and CEO at Equinix. “Chilean, Peruvian and multinational companies are thirsting for the digital infrastructure required to thrive in today’s economy.”
All these data centers will be powered by renewable energy, assured Equinix, adding that cheaper electricity holds the key to making data centers profitable.
Equinix, which claims to have invested more than US$1.2 billion in Latin America in the past 11 years, runs similar facilities in Brazil, Colombia and Mexico.
Chile has long been at the center of Latin America’s data center industry, with most of the large cloud services providers running at least one facility in the country.
Cloud spending in Chile alone will increase 35% between 2020 and 2024, stated Equinix citing a report from IDC.
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