Digitalbridge Group Inc Stock Price, News & Analysis

DigitalBridge Group (NYSE: DBRG) and Columbia Capital have agreed to acquire select assets from Superloop (Singapore) Pte. Ltd. and Superloop (Hong Kong) Limited for A$140 million. This marks DigitalBridge's first fiber investment in the Asia Pacific region and aims to address the growing demand for connectivity. The deal, expected to close in early 2022, showcases DigitalBridge's strategic partnership with Superloop and Columbia Capital, capitalizing on opportunities in the Singapore and Hong Kong markets.

DigitalBridge Group (NYSE: DBRG) announced the redemption of 2,560,000 shares of its 7.125% Series H Cumulative Redeemable Perpetual Preferred Stock, representing 22.3% of the total shares. This redemption will result in a reduction of over $140 million in preferred stock since July. The redeemed shares will be paid at $25.00 each, plus any accrued dividends, effective November 15, 2021. DigitalBridge, a global digital infrastructure REIT, manages a $35 billion portfolio and aims to lower its cost of capital while enhancing cash flows.

DigitalBridge Group, Inc. (NYSE: DBRG) will release its third quarter 2021 financial results before the market opens on November 4, 2021. An earnings presentation and conference call will follow at 10:00 a.m. ET the same day. Shareholders can access the live webcast on the Company’s website. For those unable to join live, a replay will start at 1:00 p.m. ET on the same day. DigitalBridge is a leading global digital infrastructure REIT, managing a $35 billion portfolio of assets across the digital ecosystem.

DigitalBridge Group (NYSE: DBRG) announced the appointment of Matthew Evans as Managing Director, Head of Europe, effective mid-November. With over two decades of experience in global infrastructure investment, Evans previously led digital infrastructure investments at AMP Capital. His focus will be on expanding DigitalBridge’s European investment management and supporting existing assets. CEO Marc Ganzi expressed confidence in Evans’ capability to drive growth within the company’s portfolio.

DigitalBridge Group (NYSE: DBRG) announced the acquisition of a controlling stake in Vertical Bridge, the largest private operator of wireless communication infrastructure in the U.S. The deal highlights DigitalBridge's commitment to growing in the rapidly expanding telecom infrastructure market. Vertical Bridge, founded in 2014, operates over 308,000 sites, including 8,000 towers, poised to meet increasing demands for 5G services as digital devices become more popular. The acquisition reflects confidence in Vertical Bridge's future growth potential.

DigitalBridge Group has entered into a privately negotiated exchange agreement to convert approximately $44 million of its 5.75% Exchangeable Senior Notes due 2025 for shares of its Class A common stock. This agreement adjusts the exchange ratio from 434.7826 shares per $1,000 to 456.0831 shares per $1,000, totaling approximately 20.1 million shares to be issued. The transaction is expected to close around October 20, 2021, pending customary conditions, and is aimed at improving DigitalBridge's cash flows.

Scala Data Centers, founded by DigitalBridge, announced the creation of over 100 new job positions to enhance its expansion in Latin America. Recognized as a top employer in Brazil, Scala seeks talent in various fields, with more than 45 roles in Engineering and Construction and over 30 in Operations and Backoffice. Positions are also available in Chile, Mexico, and Colombia. The company emphasizes a dynamic work environment, aiming for a workforce exceeding 300 professionals.

For more details, candidates can view job postings on LinkedIn or email their resumes.

DigitalBridge Group (NYSE: DBRG) announced the appointment of Peter Hopper as Managing Director of DigitalBridge Investment Management. With over 20 years in digital infrastructure dealmaking, Hopper co-founded DH Capital and previously served as a Partner at Abry Partners. He will focus on strategic investments in data centers and fiber segments, working alongside the investment team. CEO Marc Ganzi expressed confidence in Hopper's expertise as they pursue their fully digital strategy.

DigitalBridge Group has announced the acquisition of the CA22 hyperscale data center in Santa Clara, CA, enhancing its Vantage SDC platform. Valued at $539 million, the acquisition will be funded through existing debt facilities and cash. This acquisition marks Vantage SDC's first since its formation in July 2020 and increases its capacity by 14% to 177MW. The transaction demonstrates DigitalBridge's commitment to growing its portfolio of stabilized data centers while providing consistent returns for investors.