DigitalBridge Announces Investment from IFC to Enhance Digital Infrastructure and Connectivity in Latin America and Southeast Asia
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 9, 2021-- 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.”
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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