Significant investments in the US Miami, FL based Telefonica USA, Inc. has invested around US$ 57 M in the US. Our investments are substantial and long-term in nature, guaranteeing Telefonica's commitment to the importance of the economic development between the Americas. The nature of hosting, storage, and communications services ensures that with future regional consolidation of infrastructure, further investments will be made as IT outsourcing grows and develops across in the US, Latin America, and Europe. Sizeable investments in the US include a 170 thousand sq ft category 5 data center and network infrastructure. In Latin America, Telefonica has invested more than 80 billion dollars since 1990 in fixed and wireless telecommunications, which makes it the largest private investor in the region.