- SierraIG plans to invest $50m
USD in the coming years to support the region's growing data
center and hyperscale cloud demand
- The government of Querétaro states that the
establishment of SierraIG confirms the state's position as a hub
for technology investment
- SierraIG anticipates an unprecedented demand for a unique
and dense dark fiber footprint in Mexico
MEXICO
CITY, Sept. 4, 2024 /PRNewswire/ -- SierraIG, a
joint venture between SummitIG and Neutral Networks, is excited to
establish a pure-play dark fiber infrastructure provider in
Mexico that is committed to
building purpose-built and underground dense fiber infrastructure
in key data center markets throughout Mexico starting with the Querétaro and
Monterrey markets. SummitIG will
hold a majority stake in SierraIG, marking its first operations
outside of the United States.
SierraIG will utilize the current fiber assets to data centers
from Neutral Networks and has plans to expand its network
infrastructure platform to 750 km, with an investment of
$50m USD. SierraIG will provide
custom dark fiber connectivity solutions between data centers for
hyperscalers, cloud and content service providers, large
enterprises, and both national and international carriers in
Mexico. The network will provide
unparalleled quality through unique and diverse routes, backed by a
team with over 30 years of industry experience.
For the first time in Mexico's
history, data center operators and hyperscalers are investing
billions of dollars in the region, and will need new, scalable and
highly reliable network infrastructure to meet their connectivity
demands.
"SierraIG aligns the best-in-class resources and relationships
across both organizations, SummitIG will provide growth capital and
deep understanding of architecting and constructing critical
digital infrastructure assets while Neutral Networks will provide
local expertise and knowledge in delivering and operating networks
in the region," said Sunny Kumar,
CEO of SummitIG. "We are thrilled to partner with Neutral Networks
on this venture and be a catalyst for data center growth in
Mexico."
In addition, the head of the Ministry of Sustainable Development
(SEDESU) of the State of Querétaro, Marco Antonio Del Prete Tercero, stated that, "Querétaro has
become the Valley of Data Centers, which are facilities that
require underground, diverse and reliable fiber optic networks for
their operations. The creation of SierraIG by Neutral Networks and
SummitIG contributes to the infrastructure and connectivity needs
demanded by companies in the sector. Furthermore, this project
confirms Querétaro's position as an attractive state for investment
in technology."
"Mexico has an unprecedented
opportunity to establish itself as one of the major Data Center
hubs in Latin America, and both
industry and government officials need to work together to make
this happen. With SummitIG's proven track record of designing and
managing dense dark fiber infrastructure platforms, we are very
pleased to partner with SummitIG and capitalize on this
generational opportunity in the country," said Gabriel Navarro, CEO of Neutral
Networks.
"We will continue to strengthen relationships with all
stakeholders to make this happen, including the different
governmental agencies responsible for granting permits, as they are
crucial for the timely execution of the data center ecosystem,
enabling hyperscalers and data center operators to activate their
significant investments," concluded Navarro.
About Neutral Networks
Neutral Networks is a Mexican
company focused on providing 100% neutral connectivity to carriers,
service providers, and operators. It offers turnkey infrastructure
services for the telecommunications market, including dark fiber
leasing, lit fiber, Internet, and long-distance fiber solutions.
Its mission is to bridge the significant gap between infrastructure
and consumer demand, helping our country become one of the
best-connected nations in the world. Learn more at
https://neutralnetworks.mx
About SummitIG
SummitIG is the leading pure play dense
dark fiber infrastructure provider. The company designs, constructs
and operates custom and purpose-built dark fiber connectivity
essential to the digital economy. SummitIG's unmatched approach to
network architecture and fiber density along unique routes across
its network platform enables hyperscale cloud providers, carriers,
data center operators and enterprises to seamlessly connect
mission-critical data center and cloud computing environments. For
more information, please visit www.summitig.com.
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SOURCE SummitIG