American Tower’s CEO has the industry’s highest salary at $19,709,245, while its employees—compared to other public companies in the U.S. such as MasTec, Crown Castle, and SBA Communications—receive the lowest salary at $59,881. Conversely, a DigitalBridge employee’s median annual salary is $259,500, while its CEO’s salary is the lowest in the executive group, with $7,270,094. (SEC-required company profiles of CEO …
DigitalBridge to expand Japan’s telecom sector with the acquisition of JTower for $631 million
In a landmark deal, DigitalBridge Group, Inc. has announced its acquisition of Japan-based JTower Corporation. The acquisition, executed through a tender offer, is a significant step in DigitalBridge’s strategy to expand its global footprint and enhance its presence in the rapidly evolving Japanese telecommunications market. DigitalBridge, through its subsidiary DB Pyramid Holdings, will acquire JTower’s common stock and stock acquisition …
DigitalBridge’s corporate move to downtown Delray Beach will provide an uptown setting for its employees
When a large corporation moves to a new headquarters, it’s often a problem for employees who have to relocate. Still, DigitalBridge’s announcement today that it is moving its entire staff north to a new mixed-use complex is being welcomed by employees since the move to Delray Beach from its Boca Raton, FL headquarters is less than six miles further or …
After an excellent Q3 financial report by DigitalBridge, the stock unexpectedly falls off a cliff
When American Tower Corporation (ATC)) released its Q3 earnings report on October 26, 2023, analysts were pleased with the company, beating its earnings per share of $1.26 by 11.51%. The company also had a surprise increase in revenue of 2.10% at $2.82 billion. Although ATC cautioned that its 2024 expectations might be slightly lower since annual 5G investments by U.S. …
DigitalBridge says it will continue to profit from providing the picks and shovels for Gen AI that is edge delivered
DigitalBridge stock gained 1.2% in Friday trading after the company turned in much stronger than expected Q2 revenue and said it remains on track for its $8.0B fundraising target. During the Q2 analysts call, CEO Marc Ganzi’s message of “promises made, promises kept” appeared to resonate with shareholders as DBRG in pre-market this morning was up 4.23% at $16.73. Ganzi said the company …
DigitalBridge is betting a quarter billion dollars on its competitors becoming more profitable
On Monday, during its second-quarter earnings call, SBA Communications cited a slowdown in U.S. carrier activity, similar to previous announcements by American Tower Corp. and Crown Castle, whose Q2 activity had declined a whopping 50%. DigitalBridge Group, whose tower arm Vertical Bridge has 11,000 owned and master-leased towers, will release its quarterly report on Friday and takes no comfort in …
National Wireless Safety Alliance adds key industry executives to its Board of Governors
The National Wireless Safety Alliance (NWSA) announced that Johnny Crawford, Executive Vice President of Tower Development at Vertical Bridge, Amanda Freeman, Director of Safety – Tower Assets at Crown Castle, Leticia Latino-van Splunteran, Chief Executive Officer at Neptuno USA, Corp, and Jim Tracy, Co-Founder at Legacy Telecommunications, LLC, have been appointed as members of the organization’s Board of Governors. In …
Once tough on China carrier security, former FCC Chairman turned investor wants FCC’s security proposal watered down to raise capital
In advance of Thursday’s FCC open meeting, where the Commission will consider an order and notice of proposed rulemaking that would protect the nation’s telecommunications infrastructure from threats in a national security and law enforcement landscape, a former FCC Chairman and Commissioner have registered their concerns that one area is to stringent and could affect investments in their company. Former …
DigitalBridge steps slightly outside its digital lane with a $316 million infrastructure buy
DigitalBridge Group, Inc. has announced that its operating company, DigitalBridge Operating Company, LLC, has completed its transaction to acquire AMP Capital’s global infrastructure equity investment management business, which has been rebranded as InfraBridge in a transaction valued at $316 million. A considerable amount of InfraBridge’s assets are outside of DigitalBridge’s flagship digital infrastructure equity business. The deal was announced last …
If DigitalBridge’s turnaround falls short, Legion Partners wants Ganzi to sell the expanding REIT
A small activist investment fund wants to be the tail that wags the dog after it heavily weighted its company’s portfolio in DigitalBridge Group stock. It believes the company should consider a sale if current efforts fail to boost shareholder value. Legion Partners Asset Management, with a portfolio today of about $280 million, began its investment in DigitalBridge during the …
ExteNet inks an exclusive T-Mobile partnership for wireless infrastructure in nation’s largest venues
ExteNet Systems, a leading privately held owner of LTE/5G wireless and fiber neutral-host communications infrastructure, today announced it had entered an exclusive agreement with T-Mobile to deploy digital wireless infrastructure in large sports, entertainment, hospitality and transportation venues, as well as to rationalize and decommission T-Mobile’s overlapping network assets inherited from its merger with Sprint. The agreement, which expands ExteNet’s …
DigitalBridge and IFM shell out $11 billion for data center company Switch
DigitalBridge Group Inc. and IFM Investors have announced they have agreed to buy data center operator Switch Inc. for $11 billion, including debt, marking the latest deal in the digital asset sector. Last November, American Tower announced the acquisition of CoreSite for $10.1 billion, in which the company paid $170 per share for 25 data centers, 21 cloud on ramps and …
DigitalBridge surpasses its fund target by over $2.3 billion in commitments
DigitalBridge Group, Inc. has announced that DigitalBridge Investment Management, the firm’s investment management platform, has closed its second flagship fund, DigitalBridge Partners II, LP, with $8.3 billion in commitments, surpassing its original target of $6.0 billion. The Fund received strong demand from a diverse, global group of new and existing investors, resulting in an over 100 percent re-up rate from …
DigitalBridge creates first scaled, independent tower company in Iceland through two acquisitions
Boca Raton, FL-based DigitalBridge Group, Inc. announced that funds affiliated with DigitalBridge Investment Management, the firm’s investment management platform, have completed the acquisition of the telecom tower portfolios of Sýn hf. (Sýn) and Nova hf. (“Nova”), two leading Icelandic mobile network operators (“MNOs”), creating ÍslandsTurnar. ÍslandsTurnar is the first independent tower company of scale in Iceland with national coverage to …
IFC will invest an additional $25 million in infrastructure assets managed by DigitalBridge
DigitalBridge Group, Inc. 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 …
Colony Capital, Digital Colony rebrand under the umbrella of a ‘new’ DigitalBridge
Colony Capital, Inc. today announced a corporate rebranding of the company to DigitalBridge, effective June 22, 2021. Digital Colony, the Company’s digital infrastructure investment platform, will also change to operate under the DigitalBridge brand. In connection with the transition, the corporate name will be changed to DigitalBridge Group, Inc. and the Company will begin trading under a new NYSE ticker …
SBA is doubling down on data centers after successful Chicago edge experiment
SBA Communications jumped into edge computing almost a year ago with the purchase of Chicago data center New Continuum to learn how to maximize their interest in the growing field that their competitors were taking an active role in, and the experiment was successful. During Monday’s Q2 earnings call, CEO Jeffrey Stoops announced that the company has bought their second …
Top towerco execs enthusiastic about the industry’s future
Executives gave upbeat assessments of the tower industry on the “View From the Top: Tower Executive Roundtable,” moderated by Jonathan Adelstein, President and CEO of the Wireless Industry Association during its virtual Connect (X) All Access conference yesterday afternoon. Panelists included Jay Brown, President and Chief Executive Officer, Crown Castle; Alex Gellman, Chief Executive Officer, Vertical Bridge; Jeffrey Stoops, President …
Contractor survey uncovers some startling financial statistics that could trigger a 5G train wreck
In their drive to lower capex as they roll out 5G, carriers have created a troubling national Achille’s heel – a contractor base that has many companies swimming in debt with serious cash flow problems, according to results of an extensive nationwide survey taken by Wireless Estimator. The wireless contractor survey that was completed last quarter by 263 vetted companies, clearly indicates that …
Comments on contractor roadblocks set up by carriers that will derail America’s 5G race
Deeply concerned about the unsustainable state of wireless contracting, company executives provided 328 optional comments in Wireless Estimator’s extensive survey that was unveiled today. Armed with anonymity, it’s not possible to verify the accuracy of their statements. But it’s clear that their comments, in most cases, were well-thought-out summaries of the difficulties they are facing as carrier capex cuts, extended …
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