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.
Marking its first operations outside of the United States, SummitIG will hold a majority stake in SierraIG.
“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.”
Within Mexico’s ‘Valley of Data Centers’
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.
In line with this, 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 USD 50 million.
Moreover, 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.
Notably, Querétaro has become the ‘Valley of Data Centers,’ which are facilities that require underground, diverse and reliable fiber optic networks for their operations. SierraIG confirms Querétaro’s position as an attractive state for investment in technology.
Commenting on the new JV, the Head of the Ministry of Sustainable Development (SEDESU) of the State of Querétaro, Marco Antonio Del Prete Tercero, stated, “The creation of SierraIG by Neutral Networks and SummitIG contributes to the infrastructure and connectivity needs demanded by companies in the sector.”
“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.
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