DigitalBridge Announces Formation of Edge Data Center Platform in Asia and Acquisition of a Stake in AIMS Group
22 November 2022 - 02:15AM
Business Wire
Rapidly Growing Malaysia-Based Data Center Business to Anchor
Regional Strategy in Partnership with TIME dotCom
DigitalBridge Group, Inc. (“DigitalBridge”) (NYSE: DBRG) today
announced the acquisition of an ownership stake in AIMS Group
(“AIMS”) from TIME dotCom Berhad (“Time” or “TDC”) (KLSE: TIMECOM)
by funds affiliated with DigitalBridge Investment Management and
the formation of an edge data center platform focused on the
high-growth markets of the Southeast Asia region.
AIMS is a leading operator of highly-connected ecosystem-centric
data centers based in Malaysia, with its Kuala Lumpur flagship
Menara AIMS facility anchoring the Malaysia Internet Exchange
(MYIX). AIMS’ facilities provide highly inter-connected
environments to a diverse customer base, comprising domestic and
international telecommunications carriers, major enterprises,
hyperscalers and content distribution networks. AIMS also operates
a state-of-the-art purpose-built data center campus in Cyberjaya
and a new facility in downtown Bangkok.
“DigitalBridge’s expertise in investing, building, and operating
data centers to the highest standards aligns perfectly with AIMS’
next stage of development,” said Justin Chang, Managing Director
and Head of Asia for DigitalBridge. “AIMS is a leading operator in
the region poised for significant growth, with a strong management
team, a robust development pipeline and considerable expansion
capacity. This is a terrific platform for DigitalBridge, and we are
excited to partner with TDC, which has a long heritage of building
connectivity-linked businesses across Southeast Asia.”
The transaction, which is subject to customary closing
conditions, is expected to close in 2023.
ABOUT DIGITALBRIDGE
DigitalBridge (NYSE: DBRG) is a leading global digital
infrastructure firm. 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 $50 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,
Luxembourg and Singapore. For more information, visit:
www.digitalbridge.com.
Cautionary Statement Regarding Forward-Looking
Statements
This 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 whether the transaction with TDC will close on
the timeframe anticipated or at all, whether DigitalBridge (the
“Company") will realize the anticipated benefits from the
acquisition of an ownership stake in AIMS, the growth of the
Company’s edge data center platform in Asia, and other risks and
uncertainties, including those detailed in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2021, Quarterly
Reports on Form 10-Q for the quarters ended March 31, 2022, June
30, 2022, and September 30, 2022, and its other reports filed from
time to time with the U.S. Securities and Exchange Commission
(“SEC”). 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
current report. The Company is under no duty to update any of these
forward-looking statements after the date of this 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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version on businesswire.com: https://www.businesswire.com/news/home/20221121005914/en/
Investors: Severin White Managing Director, Head of
Public Investor Relations (212) 547-2777
severin.white@digitalbridge.com
Media: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner
/ Aura Reinhard / Jack Kelleher (212) 355-4449
dbrg-jf@joelefrank.com
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