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DigitalBridge Group, Inc. reports developments tied to its role as a global alternative asset manager focused on digital infrastructure. Company news centers on investments and operating platforms across cell towers, data centers, fiber, small cells and edge infrastructure, including completed data center asset acquisitions by affiliated funds and capital activity involving communications infrastructure platforms.
Recurring updates also cover operating and financial results, shareholder voting matters, governance items, material agreements and capital-structure disclosures. These themes reflect DigitalBridge's management of infrastructure assets for limited partners and shareholders across digital connectivity and computing infrastructure markets.
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Vantage Data Centers has announced a definitive agreement to establish an Investment Partnership worth approximately €2.5 billion (about $2.7 billion) with a consortium led by DigitalBridge Group, MEAG, and Infranity. This partnership focuses on stabilized European assets and will enhance Vantage’s EMEA data center platform. The funds are earmarked for expansion to support high-quality hyperscale data centers. The deal is anticipated to finalize in Q2 2023, pending regulatory approvals.
DigitalBridge Group (NYSE: DBRG) has announced its upcoming participation in key investor and industry events. On April 7, 2023, CEO Marc Ganzi will engage in a virtual fireside chat at 10:00am ET. Additionally, from April 25 to April 27, 2023, executives will attend the Datacloud Global Congress in location value="LC/mc"Monaco, with discussions on global M&A challenges, hyperscaler growth, and future innovations in edge computing. DigitalBridge, managing a $65 billion portfolio, specializes in digital infrastructure, with headquarters in location value="LU/us.fl.bocton"Boca Raton.
DigitalBridge Group, Inc. (NYSE: DBRG) will release its First Quarter 2023 financial results on May 3, 2023, before market open. An earnings presentation and conference call will be conducted the same day at 10:00 a.m. ET. Investors can join the call via telephone by dialing (877) 407-4018, or listen to a live broadcast on the company’s website. A replay will be available starting at 3:00 p.m. ET on the same day. DigitalBridge manages a $65 billion portfolio of global digital infrastructure assets and has over 25 years of experience in the digital ecosystem.
DigitalBridge Group (NYSE: DBRG) announced upcoming participation in several investor conferences. From March 5-8, executives will attend the Raymond James Institutional Investors Conference in Orlando, with CFO Jacky Wu presenting on March 7. Following this, the company will join the Morgan Stanley Technology, Media & Telecom Conference in San Francisco on March 6-9, where Wu will hold a fireside chat on March 8. The team will also be at the TowerXchange Meetup in Dubai on March 13-14 and the IJ LATAM 2023 in Miami on March 13-15. CEO Marc Ganzi is set to deliver a keynote at the PEI Infrastructure Investor Global Investor Forum in Berlin on March 21-22.
DigitalBridge Group, Inc. (NYSE: DBRG) reported its fourth quarter and full-year financial results for 2022. The company achieved total revenues of $301 million in Q4 and $1.1 billion for the full year. However, it faced a GAAP net loss of $(19) million in Q4 and $(382) million for the year. Distributable Earnings were $(11) million for Q4 and $37 million for the full year. Notably, Q4 results included a non-cash valuation allowance of $53 million against deferred tax assets. Cash dividends were declared for both common and preferred shareholders, with the next payment scheduled for April 17, 2023.
Surf Internet has secured $100 million in debt financing from DigitalBridge Credit to enhance its fiber-optic network across the Great Lakes region. This funding, announced on February 8, 2023, aims to accelerate the expansion into over 60 markets and increase fiber passings to over 100,000 by year-end. Surf currently serves over 27,000 customers in Indiana, Illinois, and Michigan, with significant backing from equity partners Bain Capital and Post Road Group. The company has seen a substantial increase in its fiber subscriber base, growing sevenfold since its acquisition in 2021.