Chile-based telecom and digital infrastructure firm GTD recently announced the sale of 49% of its data center business to InfraCorp, a Peruvian infrastructure investment platform.
This bold move marks InfraCorp’s entry into the data center sector and signals a new era for digital infrastructure investment in Latin America.
The deal, still pending regulatory approvals, is expected to accelerate regional expansion, capital injection, and technology upgrades across GTD’s operations in Chile, Peru, and Colombia.
What the Deal Constitutes
GTD carved out its data center operations into a newly created subsidiary called GTData Holdco, which consolidates ownership of 11 data centers across Chile, Peru, and Colombia.
Under the agreement, InfraCorp acquires 49% of GTData Holdco, joining GTD to jointly expand into new geographies and deepen existing markets.
While financial terms were not disclosed, the deal remains contingent on approval from Chile’s National Economic Prosecutor’s Office and Peru’s competition authority (Indecopi).
1. Key Deal Elements in Brief
| Aspect | Detail | Strategic Implication |
|---|---|---|
| Asset Sold | 49% of GTD’s data center arm (GTData Holdco) | Shared ownership accelerates growth and risk sharing |
| Facilities Covered | 11 data centers across 3 countries | Ensures InfraCorp gains broad regional footprint |
| Regulatory Status | Pending approvals in Chile & Peru | Execution risk remains until authorities clear it |
| InfraCorp’s Role | New equity partner in digital infrastructure | Diversifies its infrastructure portfolio |
| Sector Exposure | Digital infrastructure (data centers, fiber, networks) | InfraCorp enters data center space formally |
| GTD’s Intentions | Strengthen mission-critical infrastructure | Leverage partners to boost growth and scale |
Who Is InfraCorp — Peru’s Emerging Infrastructure Powerhouse
InfraCorp is the infrastructure investment arm of Grupo Romero, a major Peruvian conglomerate founded in 1889.
Launched in 2023, InfraCorp already touches multiple sectors: ports & logistics, energy, transportation, digital infrastructure, and social infrastructure.
Until now, public records showed little exposure to data centers, though InfraCorp holds telecom and fiber assets. The partnership with GTD marks its first known major entry into the data center business.
Other assets in InfraCorp’s portfolio include Energuate (electricity distribution in Guatemala), OCENSA (hydrocarbon transport in Colombia), and port ownership in Peru via Grupo Tramarsa.
By taking on GTData, InfraCorp gains access to the fast-growing digital infrastructure ecosystem, supporting its long-term strategy across connectivity, fiber, cloud, and data center segments.
GTD’s Vision & Existing Infrastructure
GTD, originally a telecommunications operator, has over time built a substantial digital infrastructure footprint. It serves over 300,000 clients across segments like retail, finance, mining, healthcare, government, and logistics.
The company operates across Chile, Peru, Colombia, Ecuador, Mexico, Spain, and Italy.
In 2024, GTD inaugurated a flagship data center in Lurín, Peru, reportedly the largest such facility in the country.
The first phase investment was US$15 million, targeting 960 cabinets, 2,100 m² of white room space, and 20 MW of capacity. The full buildout is projected at US$50 million.
This facility is connected by fiber to its existing data center in Surco, Lima.
GTD intends to use the partnership to accelerate rollout, upgrade existing sites, and invest in connectivity, cybersecurity, submarine cables, and mission-critical infrastructure across Latin America.
Why This Deal Matters
1. Regional Digital Acceleration
Combining GTD’s infrastructure with InfraCorp’s capital and regional networks may speed up data adoption, cloud growth, and connectivity expansion in underserved markets.
2. Risk Sharing & Capital Leverage
By bringing in a strong local partner, GTD de-risks capital commitments and gains local insight into investment challenges, regulations, and market access.
3. Infrastructure Diversification
InfraCorp’s move into digital infrastructure helps balance its portfolio across sectors and adds future-proof assets to its holdings.
4. Signaling to Investors
Such a deal sends a strong market signal: Latin America’s digital infrastructure is ripe for institutional investment, partnerships, and modernization.
Challenges & Risks Ahead
- Regulatory Hurdles: Approval is required in both Chile and Peru; antitrust or economic concerns may delay or alter the terms.
- Integration Complexity: Aligning operations, governance, culture, and technology across countries is no small feat.
- Market Volatility: Digital infrastructure is capital intensive. Macroeconomic pressures or demand shifts may strain returns.
- Execution Risk: InfraCorp’s first major entry into data centers means a learning curve is inevitable.
The GTD-InfraCorp alliance, securing a 49% stake in the GTD data center business, is a bold step in Latin America’s digital transformation journey.
For GTD, it unlocks new capital, partnerships, and operational strength. For InfraCorp, it marks a strategic leap into digital infrastructure.
Still, success will depend on navigating regulatory approvals, integration challenges, and market execution.
If managed well, this transaction could reshape how data centers are financed, deployed, and scaled across the region—and may inspire more similar deals in Latin America’s infrastructure sector.
