Serafim Abreu Jr. Takes the Helm as CEO of NextStream
NextStream, a prominent player in the data center industry, has announced the appointment of Serafim Abreu Jr. as its new Chief Executive Officer. Abreu, who previously served as the CFO of Scala, brings a wealth of experience to the role, having also spent over 20 years at IBM, including a tenure as Vice President and Chief Operations Officer for Latin America.
Abreu succeeds Jorge Abadia Pozuelo, who transitions to a board member role within the company. In a recent LinkedIn post, Abreu expressed excitement about leading NextStream into its next phase of growth, particularly focused on expanding the company’s operations in Latin America.
“I’m honored to lead NextStream in this exciting phase. With a talented team, strong regional presence, and solid support from investors, we’re ready to meet the growing market demands and contribute to sustainable digital infrastructure in Latin America,” said Abreu.
Plans for Latin American Expansion
NextStream’s expansion strategy is centered on building hyperscale-ready data centers across the Latin American region. According to Abreu, the company’s “first wave” of growth will focus on meeting the demands of hyperscalers, particularly those building public cloud infrastructures and availability zones in the region.
By constructing data center facilities that are equipped with higher densities and cutting-edge cooling technologies, NextStream aims to support the growing demand for cloud services, which is expected to escalate in the coming years.
Addressing the Demand for AI and ML Capabilities
Looking ahead to the “second wave” of growth, Abreu highlighted NextStream’s plan to cater to the rising demand for artificial intelligence (AI) and machine learning (ML) solutions. Latin America, with its abundant access to clean and affordable energy, is well-positioned to support this next generation of high-performance computing.
In addition to its favorable energy landscape, Brazil’s access to submarine cables is expected to provide NextStream with a competitive advantage in the global digital infrastructure ecosystem.
Strategic Partnerships and New Projects in Mexico
Abreu revealed that NextStream has already secured a partnership with a leading hyperscaler for the development of a new data center in Mexico. While the client was not disclosed, the project is set to be delivered by January 2026, further cementing NextStream’s position in the region as a key player in the hyperscale data center market.
The Formation of NextStream
NextStream was established in 2023 following the acquisition of 11 data center facilities across Latin America and the U.S. by the British investment firm Actis. These facilities, which were originally built by Telefonica and later acquired by Nabiax, now operate under the NextStream banner. The acquisition of Nabiax by Aermont in November 2024 further solidified the company’s position in the market.
About Serafim Abreu Jr.
Serafim Abreu Jr. is an experienced executive with a distinguished career in the technology and finance sectors. Prior to joining NextStream, he served as CFO at Scala, playing a pivotal role in scaling the company’s operations. His extensive experience at IBM, where he held leadership roles for over two decades, makes him well-equipped to drive NextStream’s growth in the rapidly expanding Latin American market.
FAQ Section
1. What is NextStream’s expansion plan in Latin America?
NextStream plans to expand by building hyperscale-ready data centers across Latin America. The company will focus on serving hyperscalers and supporting cloud infrastructures in the region.
2. Who is the new CEO of NextStream?
The new CEO of NextStream is Serafim Abreu Jr., who brings over 20 years of experience from IBM and a background as CFO at Scala.
3. What industries will NextStream support in its second phase of growth?
In its second phase, NextStream plans to cater to industries involved in artificial intelligence (AI) and machine learning (ML), leveraging the region’s clean and affordable energy.
4. Where is NextStream’s new data center being built?
NextStream is currently developing a new data center in Mexico for a hyperscaler, expected to be completed by January 2026.
5. What is the history of NextStream?
NextStream was founded in 2023 following Actis’s acquisition of 11 data center facilities across Latin America and the U.S. from Nabiax, which was later acquired by Aermont.
