Milbank LLP advised C3ntro Telecom, a Mexico-headquartered digital infrastructure and international telecommunications carrier, on the financing of its first cross-border fiber optic project—one of the most ambitious digital infrastructure developments in Latin America in the past 25 years.
The financing will support the Mexican segment of a first-of-its-kind 2,700-kilometer dark-fiber network connecting hyperscale data centers in Querétaro, Mexico, and Phoenix, Arizona—two strategic digital infrastructure hubs experiencing rapid growth driven by increasing hyperscale and cloud demand.
This landmark project is expected to significantly strengthen Mexico’s long-haul fiber infrastructure, create a new high-capacity connectivity corridor between Mexico and the United States, and contribute to broader objectives related to digital inclusion, economic development and regional competitiveness.
“We are excited to support C3ntro on its inaugural cross-border fiber transaction,” said Dan Bartfeld, chair of Milbank’s Global Project, Energy and Infrastructure Finance Group. “We are very bullish on the opportunities around US/Mexico data center connectivity, and this is an area where we expect to see significant opportunity going forward.”
The Milbank team was led by Dan Bartfeld with assistance from special counsel Daniel Rios Zertuche, and associates Chelsea Minuche and Sebastian Leon Nunez, all from the firm’s Global Project, Energy and Infrastructure Finance group.
Milbank’s Digital Infrastructure team has led over $150 billion of data center and related transactions in the past year and is a leader in the digital infrastructure space throughout the value chain, including chip foundries, GPU procurement, data centers (and associated power solutions), fiber and towers.
About C3ntro Telecom
C3ntro Telecom is a Mexico-headquartered Digital infrastructure, integrated telecommunications and IT international carrier. C3ntro operates a state-of-the-art fiber network of approximately 2,500 km, including metro ring Data Center Interconnect infrastructure in Queretaro and across Mexico’s principal regions, delivering high-capacity connectivity, transport and IP services and related solutions to Hyperscalers and carrier customers.
