Abu Dhabi, UAE – 08 July 2021 – A wholly owned subsidiary of the Abu Dhabi Investment Authority (‘ADIA’) has acquired a significant minority stake in EdgePoint Infrastructure (‘EdgePoint’), a digital infrastructure platform focused on developing, acquiring and operating telecommunication towers, distributed antenna systems and adjacent infrastructure in Southeast Asia.
EdgePoint was formed in late 2020 by affiliates of digital infrastructure investment firm DigitalBridge and EdgePoint’s founding management team, with the objective of growing a scalable regional towers platform, initially in Indonesia and Malaysia. To date, EdgePoint has secured more than 10,000 sites.
ADIA has committed up to US$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.
Khadem AlRemeithi, Executive Director of the Real Estate & Infrastructure Department at ADIA, said: “This agreement with EdgePoint aligns with a number of our key investment themes, including the growth of digital infrastructure and our confidence in the fast-growing markets of Asia. We believe this platform can play an important role in increasing both the capacity and coverage of digital services in the region, particularly in Indonesia where recent regulatory changes are encouraging international investors to explore opportunities.”
Marc Ganzi, President and Chief Executive Officer of DigitalBridge said, “As long standing partners, this agreement represents a continuation of DigitalBridge and ADIA’s collaboration, and underscores our mutual commitment to investing in digital infrastructure across the fast-growing South East Asia region.”
Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information:
DigitalBridge (NYSE: DBRG) is a leading global digital infrastructure REIT. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including 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. DigitalBridge is headquartered in Boca Raton with key offices in Los Angeles, New York, London and Singapore