DigitalBridge Announces Investment from IFC to Enhance Digital Infrastructure and Connectivity in Latin America and Southeast Asia
November 09 2021 - 8:00AM
Business Wire
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge” or the
“Company”) today announced that the International Finance
Corporation (“IFC”) will be investing $100 million in digital
infrastructure assets managed by DigitalBridge in Brazil, Indonesia
and Malaysia to expand digital access and connectivity.
IFC’s $100 million investment includes $75 million already
committed in three of DigitalBridge’s portfolio companies:
- Scala Data Centers (“Scala”), a leading scaled hyperscale data
center operator located in Brazil;
- EdgePoint Infrastructure (“EdgePoint”), an independent provider
of wireless communications infrastructure with operations in
Indonesia and Malaysia; and
- Highline do Brasil (“Highline”), an independent provider of
wireless communications infrastructure with operations in
Brazil.
IFC will invest an additional $25 million in other digital
infrastructure assets in emerging markets managed by DigitalBridge
in the future.
The IFC capital will enable the expansion of Scala, EdgePoint
and Highline’s digital infrastructure businesses and increase
access to quality digital connectivity and data center capacity for
both individuals and enterprises in these regions. IFC’s investment
validates and advances DigitalBridge’s growth strategy in emerging
markets, where quality, reliable digital infrastructure is setting
the stage for long-term, inclusive economic growth and a more
sustainable future.
“The investment from IFC provides Scala with additional
resources, including its expertise and guidance, that allow us to
accelerate our growth and progress in Latin American countries
through the development of digital infrastructure, as well as
sharing strong principles on ESG,” said Marcos Peigo, Chief
Executive Officer of Scala. “As we continue to scale our platform,
Scala will remain at the forefront of digitalization, supporting
economic activity in the communities we serve.”
“With DigitalBridge’s support, EdgePoint has been building the
leading telecoms infrastructure company in Asia Pacific,” said
Suresh Sidhu, Founder and Chief Executive Officer of EdgePoint.
“Telecommunications infrastructure is vital to economic and social
development, and IFC’s support will further enable our continued
expansion of next-generation connectivity solutions across the
ASEAN region.”
“Highline is committed to enhancing telecommunications coverage
across Brazil – connectivity is a key enabler of development,
innovation and progress,” said Fernando Viotti, Chief Executive
Officer of Highline. “We are pleased to receive these additional
resources from IFC as we seek new opportunities to create value in
a continuous and sustainable way.”
“We’re pleased to work with DigitalBridge, an established leader
in digital infrastructure with a vision for a future that aligns
economic growth with positive social and environmental impact,”
said Lance Crist, Global Head of Equity for Infrastructure at IFC.
“Digital infrastructure underpins every aspect of society and the
economy, from smart cities and e-government to healthcare and
education, from e-commerce, financial services, and manufacturing
to research and development and more. This investment feeds into
our priority of closing the digital divide by improving digital
infrastructure and services, boosting rural connectivity, and
accelerating the rollout of 4G and 5G digital communications
technology globally.”
About DigitalBridge
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure REIT. With a heritage of over 25 years investing in
and operating businesses across the digital ecosystem including
towers, data centers, fiber, small cells, and edge infrastructure,
the DigitalBridge team manages a $38 billion portfolio of digital
infrastructure assets on behalf of its limited partners and
shareholders. Headquartered in Boca Raton, DigitalBridge has key
offices in Los Angeles, New York, London and Singapore. For more
information on DigitalBridge, visit www.digitalbridge.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that might cause such a
difference include, without limitation, the Company’s ability to
raise additional capital to fund growth in emerging markets and
other risks and uncertainties, including those detailed in the
Annual Report on Form 10-K for the year ended December 31, 2020,
Quarterly Reports on Form 10-Q for the quarters ended March 31,
2021 and June 30, 2021, and other reports filed by DigitalBridge
Group, Inc. (the “Company”) from time to time with the U.S.
Securities and Exchange Commission. All forward-looking statements
reflect the Company’s good faith beliefs, assumptions and
expectations, but they are not guarantees of future performance.
The Company cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. The Company is under no
duty to update any of these forward-looking statements after the
date of this press release, nor to conform prior statements to
actual results or revised expectations, and the Company does not
intend to do so.
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DigitalBridge
Investors: Kevin Smithen Chief Commercial and Strategy
Officer kevin.smithen@digitalbridge.com (646) 883-2846
Media: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner
/ Aura Reinhard DBRG-jf@joelefrank.com (212) 355-4449
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