Goldman Sachs invests in Brazil’s data centre expansion

Details: Shailaja Pai; Category: Data Centres & Networks; 26 October 2021; 4757 views

American multinational investment bank Goldman Sachs, through its Goldman Sachs Asset Management unit, signed a credit agreement with Elea Digital, the digital infrastructure unit of Brazilian group Piemonte Holding, to expand data centers.

According to a press release from Rio de Janeiro-headquartered financial group Piemonte Holding, the consummation of the transaction remains subject to regulatory and other approvals, including that of the Brazilian antitrust authority (Cade).

The investment in Elea Digital will allow the Brazilian company to boost the standardization of a platform of five scale data centers, spread across five Brazilian metro areas (Porto Alegre, Curitiba, Brasilia, and São Paulo), and to further increase geographical footprint around Latin America, it said.

"Elea Digital's primary focus is to support the development of cloud computing and 5G technologies, by upgrading and building a digital infrastructure that sits at the edge and extends the central cloud within various regions of Brazil," said the release.

Elea Digital's five data centers are at the edge of the central Latam cloud region in key Brazilian metro areas: Porto Alegre, Curitiba, Brasília, and São Paulo.

Currently, Elea Digital's core revenues derive from colocation and cross-connectivity infrastructure services provided to a wide range of customers, mainly concentrated in the information technology, telecom, banking, media, and public sectors.