Vantage Data Centers, a DigitalBridge Group-backed hyperscale data center portfolio company, has announced its most significant investment to date of over $25 billion to develop a mega-scale 1.4GW data center campus in Shackelford County, Texas. The state-of-the-art campus, “Frontier,” will lead to advancements in AI and employ more than 5,000 individuals across construction and ongoing operations. DigitalBridge manages the capital, …
DigitalBridge and Crestview to take WOW! private in $1.5 billion deal, offering a 63% premium to shareholders
WideOpenWest, Inc. (WOW!) has entered into a definitive agreement to be acquired by investment funds affiliated with DigitalBridge Investments, LLC and Crestview Partners for $5.20 per share in cash, valuing the transaction at approximately $1.5 billion. The all-cash deal, approved unanimously by WOW!’s board of directors on the recommendation of its special committee, represents a 37.2% premium over the unaffected …
DigitalBridge stock jumps 37% on acquisition buzz as tower REITs slip
In a surprising turn, 26North Partners—a specialist in alternative investments—is reportedly in advanced talks to acquire DigitalBridge Group Inc. (DBRG), the digital-infrastructure fund manager, also the parent company of Vertical Bridge. Energy trader Mercuria is said to be joining the bid, and sources tell IJGlobal that the deal could close within days. As the rumors circulated, DigitalBridge’s share price surged …
DigitalBridge continues to face market woes as stock hits new lows and European director departs
In late 2021, when it was announced that Matt Evans was hired as Digital Bridge Group, Inc.’s Managing Director Head of Europe, he said, “I am excited to be joining the DigitalBridge team at such a pivotal time.” According to Bloomberg, he is leaving DigitalBridge at a pivotal time as the company tries to shore up its flagging stock value. …
American Tower’s CEO gets $20 million annually, and employees are paid $60K, but is it accurate?
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 …
