Digital Colony’s Takes Aim at Brazil

April 23rd, 2020 by · Leave a Comment

Everyone may still be sheltering in place or whatever, but Digital Colony has managed to keep busy nevertheless. The investment arm of Colony Capital has a new infrastructure target in its sights: Brazil. Digital Colony has announced an agreement to acquire a selection of data center assets from Brazil’s Group Folha’s UOL Diveo unit.

The assets will be organized into a new data center platform based in Sao Paulo. It will be called Scala Data Centers, and will be led by industry veteran Marcos Peigo. According to reports, the transaction values the assets at $300-400M. UOL Diveo will continue to work with Scala to meet and scale its infrastructure needs.

The deal is unlikely to be a one-off type of thing, as Digital Colony says it sees big hyperscale opportunities in the region and expects to make further accretive investments. Scala will therefore serve as a consolidation platform for additional such assets. At the moment, details on Scala’s actual asset base are slim. But I’m sure that will change over time.

If you haven't already, please take our Reader Survey! Just 3 questions to help us better understand who is reading Telecom Ramblings so we can serve you better!

Categories: Datacenter · Mergers and Acquisitions

Discuss this Post

Leave a Comment

You may Log In to post a comment, or fill in the form to post anonymously.

  • Ramblings’ Jobs

    Post a Job - Just $99/30days
  • Event Calendar