Tecto plans new Brazil data centers, part of $2 billion investment

SAO PAULO: Tecto Data Centers, backed by BTG Pactual’s funds, is set to invest $2 billion through 2028, including the construction of five data centers in Brazil, the company told Reuters, adding to a wave of new data centers in Latin America’s No. 1 economy.

Brazil ‌is working ⁠to position ⁠itself as a global hub for large-scale data centers, leveraging cheap and abundant renewable energy and water resources to lure major investments from U.S. firms and China’s TikTok.