Digitalbridge Group Inc Stock Price, News & Analysis

DigitalBridge Group, Inc. (NYSE: DBRG) announced that CEO Marc Ganzi will present at the 2021 RBC Capital Markets Global Tower and Wireless Infrastructure Virtual Investor Day on September 28, 2021, at 12:35 PM ET. The event will also include investor meetings. The keynote webcast will be accessible from the Company’s website. DigitalBridge is a leading global digital infrastructure REIT, managing a portfolio valued at $35 billion across various digital assets.

Scala Data Centers, founded by DigitalBridge Group (NYSE: DBRG), has announced the hiring of General Managers in Chile, Mexico, and Colombia as part of its internationalization strategy in Latin America. Guillermo Cipolla will lead operations in Chile, Dax Simpson in Mexico, and Dany Serrano in Colombia. Each has extensive experience in the data center sector, which Scala CEO Marcos Peigo emphasized as crucial for the company's growth. Scala aims to meet the increasing demand for digital services in the region with a commitment to sustainability.

DigitalBridge Group, Inc. (NYSE: DBRG) has partnered with ImpactData to establish secure colocation data centers at colleges, especially targeting Historically Black Colleges and Universities (HBCUs). This initiative aims to bridge the digital divide by providing advanced data infrastructure to underserved communities, enabling better access to educational resources and promoting digital transformation. ImpactData plans to invest over $1 billion in digital infrastructure over the next decade, enhancing connectivity and fostering innovation in education.

Vantage Data Centers expands into the Asia-Pacific market through two acquisitions, fueled by an incremental equity raise of $1.5 billion led by DigitalBridge. This expansion includes the acquisition of Agile Data Centers, developing greenfield campuses in Tokyo, Osaka, and Melbourne, totaling 168MW of critical IT load. Additionally, PCCW Ltd.'s data center portfolio will be integrated, enhancing Vantage's presence in Hong Kong and Kuala Lumpur. The strategic move aims to serve hyperscale and enterprise customers in a high-growth region.

DigitalBridge Group (NYSE: DBRG) will participate in several investor conferences in September 2021. Key executives, including President and CEO Marc Ganzi, will hold meetings and presentations. Highlights include:

• September 9-10: Deutsche Bank Technology Conference
• September 13-15: Bank of America Media, Communications & Entertainment Conference, with Ganzi speaking on September 14
• September 20: Bank of America Global Real Estate Conference
• September 21-23: Goldman Sachs 30th Annual Communacopia Conference, with Ganzi presenting on September 22

DigitalBridge Group, Inc. (NYSE: DBRG) has announced a sale of its Wellness Infrastructure business for $3.2 billion, yielding $316 million in net value. This transaction marks the completion of the company’s digital transformation strategy, monetizing legacy segments ahead of schedule. The deal simplifies operations by eliminating the final legacy segment, enhances liquidity to over $1.5 billion, and reduces consolidated debt significantly. The transaction is expected to close in early 2022, pending necessary approvals.

Scala Data Centers, founded by DigitalBridge (NYSE: DBRG), has announced the launch of its Center of Excellence in Engineering (CoE) in Latin America. This initiative aims to streamline the management of design and construction for data centers, enhancing operational efficiency and reducing delivery times for customers. The CoE will house over 40 professionals and aims to develop cutting-edge data center technologies. Scala is investing in three new data centers in São Paulo, with a commitment to renewable energy supply until 2033, addressing the growing demand for digital access in the region.

DigitalBridge Group (NYSE:DBRG) has entered into an agreement to acquire a controlling stake in Vertical Bridge Holdings, the largest private operator of wireless communications infrastructure in the U.S. This acquisition aligns with DigitalBridge’s strategy to capitalize on the growing demand for 5G infrastructure and digital services. Vertical Bridge currently manages over 308,000 sites including over 8,000 towers. The transaction is subject to regulatory approvals and is expected to close in Q4 2021. Financial terms were not disclosed.

DigitalBridge Group, Inc. (NYSE: DBRG) announced its Q2 2021 financial results, reporting total revenues of $237 million and a GAAP net loss of $(141) million, or $(0.29) per share. Core FFO was $(4.8) million. The company highlighted its rebranding and transformation to a digital infrastructure-focused business, achieving $6.6 billion in commitments for its new flagship equity fund, DCP II. Digital AUM reached $36 billion, a significant 65% year-over-year increase. The company also plans to redeem $86.3 million of Series G preferred stock, reducing overall corporate liquidity costs.