Investing.com -- DigitalBridge Group Inc. (DBRG) is considering several strategic options, including potentially selling its Southeast Asian unit, EdgePoint Infrastructure, according to people familiar with the matter, Bloomberg reported on Friday.
This move reflects a growing investor interest in telecommunications assets.
U.S.-based DigitalBridge is said to be working with financial advisers to review its strategic options, which may include a full or partial divestiture of EdgePoint, the sources revealed.
Bloomberg said its sources told them DigitalBridge could seek a valuation of up to $4 billion for the telecom tower business in any potential transaction.
They state that EdgePoint has attracted preliminary interest from other infrastructure-focused funds, although the deliberations are still in the early stages, and DigitalBridge might ultimately decide not to proceed with a sale, the sources said.
EdgePoint Infrastructure, founded in 2020, is based in Singapore and operates telecommunications towers across Indonesia, Malaysia, and the Philippines.
Its unit, Centratama Group, manages over 10,000 sites in Indonesia, while EdgePoint Towers in Malaysia operates more than 1,500 sites, and EdgePoint Philippines oversees over 2,800 sites. The company is also supported by the Abu Dhabi Investment Authority.
The global appetite for digital infrastructure assets has intensified as investors look to capitalize on growing technology demand while seeking stable returns.
For example, Blackstone (NYSE:BX) Inc. recently agreed to acquire AirTrunk, an Australian data-center operator, in a deal valued at A$24 billion ($16.1 billion), including debt and capital expenditure for future projects.
As of the end of June, Bloomberg said DigitalBridge managed $84 billion in digital infrastructure assets, including data centers, cell towers, and fiber networks.