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IsaacYap90
2021-07-20

Richard Li’s PCCW in Talks to Sell Data Centers to DigitalBridge

DigitalBridge Group Inc., a digital infrastructure investment firm, is in advanced talks to acquire

Richard Li’s PCCW in Talks to Sell Data Centers to DigitalBridge

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An announcement could come as soon as this month, they added.</p>\n<p>PCCW has been exploring a sale of its information technology and data-center assets, which have drawn interest from other industry players and private-equity firms, Bloomberg Newsreportedin April. A transaction would allow DigitalBridge, formerly known as <a href=\"https://laohu8.com/S/DLR\">Digital</a> Colony, to further expand its$32 billionof assets under management with data centers being <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its key digital infrastructure areas.</p>\n<p>No final decisions have been made and talks could still be delayed or fall apart, the people said. Representatives for DigitalBridge and PCCW declined to comment.</p>\n<p>Digital infrastructure has become more critical to the global economy, with data centers supporting everything from video streaming to online gaming and social media. The appetite for data centers has also sparked further investments and consolidation in the industry.</p>\n<p>Princeton Digital Group Pte, an Asia-focused data center operator backed by private-equity firm Warburg Pincus, plans to build a $1 billion data center in Tokyo, marking its fifth market since its inception in 2017. It’s also considering raising funds in a deal that could boost its valuation to about $2 billion, people familiar with the matter havesaid.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Richard Li’s PCCW in Talks to Sell Data Centers to DigitalBridge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRichard Li’s PCCW in Talks to Sell Data Centers to DigitalBridge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-20/li-s-pccw-is-said-in-talks-to-sell-data-centers-to-digitalbridge><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>DigitalBridge Group Inc., a digital infrastructure investment firm, is in advanced talks to acquire data-center assets from PCCW Ltd., according to people familiar with the matter.\nPCCW’s data-center ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-20/li-s-pccw-is-said-in-talks-to-sell-data-centers-to-digitalbridge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-07-20/li-s-pccw-is-said-in-talks-to-sell-data-centers-to-digitalbridge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199590100","content_text":"DigitalBridge Group Inc., a digital infrastructure investment firm, is in advanced talks to acquire data-center assets from PCCW Ltd., according to people familiar with the matter.\nPCCW’s data-center assets could be valued at more than $600 million in a potential transaction, the people said, asking not to be identified because the matter is private.\nDigitalBridge has emerged as the strongest bidder after an auction and is discussions to finalize details of an agreement with PCCW, the Hong Kong telecommunications, media and technology conglomerate controlled by billionaire Richard Li, the people said. An announcement could come as soon as this month, they added.\nPCCW has been exploring a sale of its information technology and data-center assets, which have drawn interest from other industry players and private-equity firms, Bloomberg Newsreportedin April. A transaction would allow DigitalBridge, formerly known as Digital Colony, to further expand its$32 billionof assets under management with data centers being one of its key digital infrastructure areas.\nNo final decisions have been made and talks could still be delayed or fall apart, the people said. Representatives for DigitalBridge and PCCW declined to comment.\nDigital infrastructure has become more critical to the global economy, with data centers supporting everything from video streaming to online gaming and social media. The appetite for data centers has also sparked further investments and consolidation in the industry.\nPrinceton Digital Group Pte, an Asia-focused data center operator backed by private-equity firm Warburg Pincus, plans to build a $1 billion data center in Tokyo, marking its fifth market since its inception in 2017. It’s also considering raising funds in a deal that could boost its valuation to about $2 billion, people familiar with the matter havesaid.","news_type":1},"isVote":1,"tweetType":1,"viewCount":403,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

Richard Li’s PCCW in Talks to Sell Data Centers to DigitalBridge

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