DigitalBridge Group this week announced the acquisition of the data center business of PCCW for $750 million.
PCCW DC is one of the region’s leading colocation data center businesses, serving global hyperscale and large enterprise customers via a rapidly growing network of facilities based principally in Hong Kong, which is a long standing financial center and key connectivity hub for the entire Asia region. PCCW DC facilities allow global hyperscalers, technology service providers, content and digital media, and financial services firms to meet their strong regional demand for storage, networking, and compute capabilities in secure and reliable environments.
DigitalBridge is a leading global digital infrastructure REIT. With a heritage of over 25 years of investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $32 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders.
Marc Ganzi, President and CEO of DigitalBridge
As an experienced investor in the global data center sector, DigitalBridge’s expertise investing in, building, and operating data centers to the highest standards aligns perfectly with PCCW DC’s next stage of development. They are already a leading operator in the region and are poised for significant growth, with a strong development pipeline and considerable expansion capacity.
