DigitalBridge Southeast Asia Tower Unit in Play?

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DigitalBridge Group (NYSE: DBRG) is considering selling EdgePoint Infrastructure, its portfolio tower company in Southeast Asia, according to Bloomberg. DigitalBridge, based in Boca Raton, FL, is said to be working with financial advisers to review its strategic options, which may include a full or partial divestiture of EdgePoint. The timing might be fortuitous with heightened investor interest in digital infrastructure assets around the world as investors aim to capitalize on growing mobile and fixed data demand while seeking stable returns, according to Inside Towers Intelligence.

Bloomberg reported that DigitalBridge could seek a valuation of up to $4 billion for EdgePoint’s tower business in a potential transaction. Sources suggest that EdgePoint has attracted cursory interest from other infrastructure-focused funds, although the deliberations are still in the early stages, and DigitalBridge might ultimately decide not to proceed with a sale, the sources said. 

At the end of 2Q24, DigitalBridge reported $84 billion in digital infrastructure assets under management including data centers, cell towers, fiber networks and edge infrastructure. Abu Dhabi Investment Authority is a co-investor in EdgePoint.

EdgePoint Infrastructure, headquartered in Singapore, was founded in 2020, and operates telecommunications towers for MNOs and other wireless service providers across Malaysia, Indonesia and the Philippines. Its Indonesian unit, Centratama Group, manages over 10,000 sites, while EdgePoint Towers Sdn Bhd in Malaysia operates more than 1,500 sites, and EdgePoint Towers Inc. in the Philippines oversees over 2,800 sites. In June, the company announced its portfolio reached 15,000 towers when EdgePoint Towers Sdn Bhd completed a new site in West Java in Indonesia.

By John Celentano, Inside Towers Business Editor

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