A potential deal between private equity firm I Squared Capital and DigitalBridge (NYSE: DBRG) for the sale of telecom towers in Southeast Asia has hit a roadblock due to disagreements over asset valuation, according to Bloomberg. DigitalBridge is reportedly still exploring options, including a possible agreement with I Squared, despite the current impasse.
Back in February, Bloomberg reported that I Squared was eyeing the acquisition of DigitalBridge’s EdgePoint Infrastructure assets in the Philippines and Malaysia, which were estimated to be worth up to $2 billion. Combined with assets in Indonesia, valued at approximately $1 billion, DigitalBridge had placed a $4 billion valuation on its regional tower portfolio.
Investor interest in digital infrastructure remains high, with global players actively seeking opportunities in tower assets and data centers. Axiata Group, for example, is said to be considering the partial sale of its stake in tower operator, Edotco, Inside Towers reported.
EdgePoint Infrastructure currently manages around 11,000 towers in Indonesia, more than 3,000 in the Philippines, and over 1,800 in Malaysia, according to Inside Towers Intelligence. In January, the company announced plans to expand its network by 5,000 additional sites across Southeast Asia within the next two to three years.
A spokesperson for DigitalBridge declined comment to Inside Towers.
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