DigitalBridge Group Inc. in talks to buy out PCCWs Data Centre assets
Published 21 July 2021
DigitalBridge Group Inc. is in talks to buy out PCCWs data centre assets.
The data centre assets could be valued at more than USD600 million, reported Bloomberg News, citing sources. The NYSE-listed DigitalBridge Group is a global leader in digital infrastructure, investing in, building, and operating the networks that enable connectivity and power the digital economy.
The two parties are working out the details of the agreement and might announce the deal within this month at the earliest, the report added.
Last year,PCCW Solutions acquired a data centre in Malaysia, located at the heart of the Multimedia Super Corridor from MyTelehaus. The Multimedia Super Corridor is a Malaysian government-designated zone to accelerate the growth of the country’s digital economy.
For the fiscal year 2020, pccw reported a marginal increase in revenues even as the COVID-19 pandemic took a toll on some of its clients in sectors such as travel, hospitality and retail.
Revenues in the fiscal climbed 12 per cent, driven by the strong demand for data center services, solid project delivery in Hong Kong and expansion in South East Asia. Recurring revenue grew by 27 per cent from data centers and managed services, PCCW said.
Earlier this month, DigitalBridge Group formed EdgePoint Infrastructure (“EdgePoint”), a leading wireless towers platform focused on the high growth markets of Southeast Asia. To date, EdgePoint has secured over 10,000 sites across Indonesia and Malaysia and is evaluating additional growth opportunities in markets across the Asia-Pacific region.