DigitalBridge acquires PCCW data centres for $750m

DigitalBridge acquires PCCW data centres for $750m

PCCW phone box Hong Kong.jpg

Infrastructure REIT DigitalBridge has acquired the data centre business of PCCW for $750 million, covering a number of data centres in Hong Kong, China and Malaysia.

PCCW's facilities allow global hyperscalers, technology service providers, content and digital media and financial services firms to meet their regional demand for storage, networking and compute capabilities.

“As an experienced investor in the global data centre business DigitalBridge’s expertise in building, and operating data centres aligns perfectly with the PCCW data centres' next stage of development,” said Marc Ganzi, president and CEO of DigitalBridge.

“They are already a leading operator in the region and are poised for significant growth, with a strong development pipeline and considerable expansion capacity,” he said.

“This is a terrific platform for DigitalBridge to expand its regional presence while supporting a strong management team focused on serving many of the same hyperscale and large enterprise customers that DigitalBridge works with on a global basis.”

The transaction is expected to close during the fourth quarter of 2021. DigitalBridge is headquartered in Boca Raton, US with key offices in Los Angeles, New York, London and Singapore.

PCCW will now concentrate on its main connectivity business, including its growing network as-a-service unit which competes with the likes of Megaport, PacketFabric and Equinix.

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