Welcome to our dedicated page for CLNY news (Ticker: CLNY), a resource for investors and traders seeking the latest updates and insights on CLNY stock.
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Colony Capital (NYSE: CLNY) announced a strategic $30 million investment in EdgePresence, enhancing its digital infrastructure portfolio. This investment enables DataBank, Colony's balance sheet investment, to expand its edge data center strategy, providing scalable solutions to meet the demands of 5G and IoT applications. EdgePresence's modular data centers will allow DataBank to colocate customer workloads closer to end-users, thus reducing latency. The partnership with Vertical Bridge will further enhance deployment capabilities across the U.S., aiming to revolutionize data center solutions for various industries.
Colony Capital (NYSE:CLNY) will release its third quarter 2020 financial results on November 6, 2020, before the market opens. An earnings presentation and conference call will follow at 7:00 a.m. PT. The presentation will be accessible through the company's website. A replay of the call will be available from November 6 at 10:00 a.m. PT until November 13, 2020. Colony Capital manages a $46 billion portfolio focusing on real estate and digital infrastructure, with plans to streamline its business model.
