DigitalBridge and Columbia Capital to Acquire Select Singapore Assets and Hong Kong Operations from Superloop
BOCA RATON, Fla. and ALEXANDRIA, Va.--(BUSINESS WIRE)--Oct. 18, 2021-- DigitalBridge Group, Inc. (NYSE: DBRG) and Columbia Capital today announced that DigitalBridge Investment Management (“DigitalBridge”), the investment management arm of DigitalBridge Group, Inc., and funds affiliated with Columbia Capital, have agreed to acquire certain select assets from Superloop (Singapore) Pte. Ltd. and Superloop (Hong Kong) Limited for A$140 million. Under the terms of the agreement, DigitalBridge and Columbia Capital will become strategic partners of Superloop.
“We are excited to announce our first fiber investment in the Asia Pacific region,” said Justin Chang, Managing Director and Head of Asia at DigitalBridge. “Additionally, it is a terrific opportunity to partner with two leading industry players, investing alongside the experienced team at Columbia Capital and entering a long-term strategic partnership with Superloop to capitalize on the significant growth in network demand we see ahead.”
John Siegel, Partner at Columbia Capital, said, “Increasing regional demand from businesses and consumers for end-to-end connectivity is creating meaningful opportunities for long-term growth. We look forward to partnering with DigitalBridge, who bring more than 25 years of experience in digital infrastructure, on the acquisition of these high-quality assets, and to continue carrying traffic and providing connectivity services in the Singapore and Hong Kong markets.”
The transaction is expected to close in early 2022, subject to customary closing conditions.
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 cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $35 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore.
About Columbia Capital
Columbia Capital is a leading venture capital firm, focused on partnering with top operators to build companies in the digital infrastructure, enterprise IT, and mobility sectors. Since its inception in 1989, Columbia Capital has invested in over 175 companies across its sectors of focus. To date, Columbia Capital has raised approximately $5 billion of fund commitments. Columbia Capital is headquartered in Alexandria, VA.
Superloop is a leading Asia Pacific independent provider of connectivity services. The company owns and operates its carrier-grade metropolitan fiber networks in Australia, Singapore and Hong Kong, connecting the region's key data centers and bandwidth-intensive buildings. In addition to its own fiber network, Superloop is connected to all NBN Points of Interconnect across Australia and operates its own nationwide fixed wireless network that collectively deliver high performance, connectivity solutions to businesses and homes underpinning the region’s digital economy.
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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, whether DigitalBridge and Columbia Capital will complete the acquisition of Superloop within the timeframe anticipated or at all, whether the parties will realize any of the anticipated benefits from the acquisition 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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