DigitalBridge forms Asian wireless towers platform - EdgePoint Infrastructure
DigitalBridge Group (DigitalBridge) confirms the creation of EdgePoint Infrastructure (EdgePoint), a wireless towers platform in Southeast Asia.
Since its official launch in 2020, EdgePoint has secured over 10,000 sites across Indonesia and Malaysia and is considering further expansion and growth opportunities across the Asia-Pacific region.
“We are delighted to announce the formation of EdgePoint and believe it is on track to become the leading independent tower platform across the high growth markets of Asia Pacific,” said Justin Chang, managing director and head of Asia at DigitalBridge.
“We are equally excited to form EdgePoint in partnership with Suresh Sidhu, the leading towers executive in Asia.”
In addition, EdgePoint supported by DigitalBridge’s investment management platform, has acquired a majority stake in PT Centratama Telekomunikasi Indonesia Tbk, an independent Indonesian tower company that owns and manages over 4,000 sites, and 4,247 towers from Indosat Ooredoo in a sale-leaseback transaction.
EdgePoint has also completed the acquisition of Asiaspace in Malaysia and is considering further acquisitions. The company has executed on significant build-to-suit programs with its carrier customers in Indonesia with plans to also extend this to Malaysia.
“DigitalBridge and the EdgePoint team share a common vision of becoming the leading telecoms infrastructure company in Asia Pacific for the 5G age. Wireless will continue to be the dominant platform of delivery for nations in the region, and we aim to play our part,” said Suresh Sidhu, founder and chief executive officer of EdgePoint.
“With the support of DigitalBridge, we have made a very fast start in the region and we are focused on building on the strong foundation we have in Indonesia, through Centratama. In Malaysia, our current pipeline of acquisitions and projects positions us to be a major player in the urban centres of the West Coast, the country's economic heartland.”
EdgePoint was formed in partnership with DigitalBridge and Suresh Sidhu, a veteran telecoms tower executive who served as chief executive officer of edotco, the Malaysian-based regional tower operator, from 2014 to 2020.
A subsidiary of the Abu Dhabi Investment Authority (ADIA) acquired a $500 million minority stake in EdgePoint. In a statement to Reuters, ADIA said, "ADIA has committed up to $500 million to invest in EdgePoint and to support the future growth of the platform, which is expected to include both acquisitions and the development of new towers."