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Funds will be used to Enhance digital infrastructure and connectivity in Latin America and Southeast Asia.
Founder and Editor, The Tech Capital
November 10, 2021 | 6:00 AM GMT
DigitalBridge Group, Inc. (NYSE: DBRG) said the International Finance Corporation (IFC) will be investing US$100 million in digital infrastructure assets managed by DigitalBridge in Brazil, Indonesia and Malaysia to expand digital access and connectivity.
IFC’s $100 million investment includes $75 million already committed in three of DigitalBridge’s portfolio companies including:
IFC, part of the World Bank Group, will invest an additional $25 million in other digital infrastructure assets in emerging markets managed by DigitalBridge in the future.
The IFC capital is to be used for the expansion of Scala, EdgePoint and Highline’s digital infrastructure businesses and increase access to digital connectivity and data centre capacity for both individuals and enterprises in these regions.
Lance Crist, Global Head of Equity for Infrastructure at IFC, said: “Digital infrastructure underpins every aspect of society and the economy, from smart cities and e-government to healthcare and education, from e-commerce, financial services, and manufacturing to research and development and more.
“This investment feeds into our priority of closing the digital divide by improving digital infrastructure and services, boosting rural connectivity, and accelerating the rollout of 4G and 5G digital communications technology globally.”
DigitalBridge manages today a $38 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders
The business has been undergoing a ferocious digital infrastructure expansion roadmap across most continents, with several billion dollars invested in the process.
The company announced in its Q3 results that the strategic roadmap it follows for its developments is now entering stage II, focused on accelerating organic and inorganic growth further.
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