Welcome to our dedicated page for Digitalbridge Group news (Ticker: DBRG), a resource for investors and traders seeking the latest updates and insights on Digitalbridge Group stock.
DigitalBridge Group, Inc. (NYSE: DBRG) regularly issues news and updates that reflect its role as a global alternative asset manager focused on digital infrastructure. Company press releases highlight activity across the digital ecosystem, including investments in cell towers, data centers, fiber, small cells, and edge infrastructure, as well as fund milestones and strategic partnerships. This news page aggregates such announcements so readers can review how DigitalBridge communicates its strategy and platform developments over time.
Recent news items include the close of DigitalBridge Partners III, the firm’s third value-added digital infrastructure fund, with multi-billion-dollar commitments and co-investments, and early deployment into platforms such as Vantage Data Centers North America, Yondr Group, Orange Barrel Media, FiberNow, and JTOWER. Other releases describe DigitalBridge’s role as a major investor in hyperscale data center projects, including large campuses that support AI and cloud workloads, and its collaboration with KT Corporation in Korea through a memorandum of understanding to explore next-generation AI data centers.
DigitalBridge-related news also covers portfolio and platform transactions, such as the agreement for funds managed by an affiliate of DigitalBridge to sell Digita Group, a Nordic tower and broadcast infrastructure platform, to GI Partners, and the completion of a take-private acquisition of WideOpenWest, Inc. (WOW!) by affiliated investment funds of DigitalBridge and Crestview Partners. In addition, announcements describe a definitive agreement under which SoftBank Group Corp. plans to acquire DigitalBridge, subject to stockholder and regulatory approvals.
Investors and observers can use this news feed to review DigitalBridge’s public statements on fundraises, portfolio activity, strategic partnerships, and proposed corporate transactions, all of which illustrate how the company positions itself within the global digital infrastructure landscape.
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.
DigitalBridge (NYSE: DBRG) announced its participation in several upcoming investor conferences. Key events include:
- August 9-10, 2021: Cowen 7th Annual Communications Infrastructure Summit, featuring a keynote by Marc Ganzi, President and CEO.
- August 11-12, 2021: Raymond James Park City Telecom Summit with investor meetings.
- August 12, 2021: Virtual Morgan Stanley Media and Entertainment conference, led by Severin White.
- August 18, 2021: B. Riley August Conference with meetings conducted by Ganzi and White.
DigitalBridge manages a $32 billion portfolio of digital infrastructure assets.
Scala Data Centers, founded by DigitalBridge (NYSE:DBRG), has signed a Power Purchase Agreement (PPA) with ENGIE Brasil Energia, ensuring over 1,600 GWh of renewable energy supply by 2033. This agreement extends Scala's commitment to 100% renewable energy by five years, capable of powering a city of 700,000. CEO Marcos Peigo emphasizes the company's focus on sustainable growth and strategic partnerships. Scala is the first Latin American data center to operate entirely on certified renewable energy and has achieved carbon neutrality since its inception.
DigitalBridge Group, Inc. (NYSE: DBRG) announced the acquisition of PCCW Ltd.'s data center business by its affiliated funds. PCCW DC is a prominent colocation data center provider in Hong Kong, serving major hyperscale and enterprise clients. DigitalBridge aims to leverage its expertise in data center operations to support PCCW DC's growth strategy. The deal, expected to close in Q4 2021, enhances DigitalBridge’s regional footprint, capitalizing on a strong development pipeline. The company's digital infrastructure portfolio is valued at approximately $32 billion.
DigitalBridge Group (NYSE: DBRG) is redeeming all 3,450,000 shares of its 7.500% Series G Cumulative Redeemable Perpetual Preferred Stock, totaling a liquidation preference of $86.25 million. This strategic move aims to lower the company's cost of capital significantly, reducing it from 7.50% to 3.933% through the recent $500 million securitized notes offering. The redemption is set for August 16, 2021, with dividends ceasing on that date. Following the redemption, the Series G Preferred Shares will be delisted from the NYSE.
DigitalBridge Group, Inc. (NYSE: DBRG) will release its second quarter 2021 financial results on August 5, 2021, before the market opens. The earnings conference call is scheduled for 10:00 a.m. ET, marking the first call since the company's rebranding from Colony Capital. Investors can access the live presentation and listen via telephone. DigitalBridge, a global digital infrastructure REIT, manages a $32 billion portfolio, focusing on towers, data centers, and fiber. The company is headquartered in Boca Raton, with offices in key global cities.
DigitalBridge Group, Inc. (NYSE: DBRG) has successfully closed two securitized financing note issuances totaling $500 million. The offering includes $300 million of Series 2021-1 Class A-2 Notes and $200 million in variable funding notes. This venture marks a significant milestone as it establishes the first investment-grade rating of BBB from Kroll and allows refinancing through 2026, enhancing financial flexibility. The net proceeds are estimated at $490.6 million, aimed at digital infrastructure investments and corporate liabilities.