(EN), Portugal Densest concentration of major network carriers, including some of the largest Internet exchanges and peering points in the world. Brookfield Infrastructures global data infrastructure portfolio, which currently includes $23 billion in assets across data transmission, distribution, and storage, including a portfolio of 139,000 operational telecom wireless towers in India, which it intends to expand to 175,000 over the near term. The action you just performed triggered the security solution. The technology is here, but politics may stand in the way. A portfolio company of Brookfield Infrastructure, the company was launched in January 2019 following Brookfield's acquisition of AT&T's data centre assets. Brookfield, one of the largest alternative asset managers in the world, has been active in the space for years, including agreeing to buy data-center operations from AT&T Inc. in 2018. It climbed 3.8% to end at US$31 in New York trade Monday, giving the firm a market capitalization of around US$7.6 billion. By Joo Marques Lima Founder and Editor, The Tech Capital 3 Mins May 04, 2022 | 3:22 AM BST Bypass the public Internet and offer reliable, faster connections to Azure with superior data privacy and security. It took Switch private last year in an $11 billion deal in partnership with IFM. Switch | 19,405 followers on LinkedIn. Milana previously worked at GLG and PE Hub, where she spent several years covering TMT deals in private equity. Build fast, secure and consistent hybrid multicloud infrastructures to deliver hybrid IT at scale. United States Assemble infrastructure in minutes, put workloads and applications close to your users and stay secure and connected across the most dynamic industries. Brookfield's acquisition of Data4 is the largest M&A deal in the data center space so far in 2023. in minutes. Her content usually appears in the markets and deals sections of the website. A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers, Login or Register to comment on this article. Bloomberg Surveillance, covering the latest news in finance, economics and investments. Switch is one of the largest publicly traded data-center operators in the United States. This evaluation is progressing but no formal transaction process has yet commenced. Switch, DigitalBridge and Brookfield Asset Management did not immediately respond to Reuters requests for comment. Please try again. Brookfield Asset Management is exploring a potential takeover of Switch, which has a market value of about $7.6 billion, Bloomberg reported.The company is among the largest publicly listed data center operators in the US. . Reuters reported that Stockholm-based venture capital and private equity firm EQT is nearing the $8 billion acquisition of data center behemoth Global Switch, whose European centers incorporate London (957K SF), Amsterdam, Paris, Frankfurt, as well as Madrid. (EN), China Gillian Tan and Scott Deveau, Bloomberg News. Bloomberg via Yahoo Finance 25 . This site is protected by reCAPTCHA and the Google Privacy Policy Terms of Service apply. Switch (NYSE: SWCH), the exascale technology infrastructure corporation, today announced the signing of a global logistics company as the anchor tenant at Switch's Keep Campus in Atlanta. Chrysler-parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. Zgern Sie jedoch nicht, uns anzurufen, wenn Sie etwas bentigen. You can also rent office space adjacent to the server halls. DigitalBridge, headquartered in Boca Raton, Florida, is an investment firm specializing in digital infrastructure. (EN), Australia Both Brookfield and DigitalBridge are leading rival bidding consortia in the private auction for Compass. Search for resellers who can help you build, deploy and maintain the solutions to enable your digital transformation. Brookfield racing for Switch data centre portfolio takeover Switch expects to reach between US$660 million and US$674 million in revenues throughout 2022 and invest between US$510 million and US$560 million in capital expenditure this year. Brookfield Asset Management Inc. is exploring a takeover of data-center operator Switch Inc. Switch rose 3.8 per cent to close at US$31 in New York trading Monday, giving the company a market value of about US$7.6 billion. DigitalBridge had a market capitalization of $3.31 billion, while that of Switch was $7.29 billion, according to data from Refinitiv. Published on 3 May 2022 on Bloomberg via Yahoo Finance. Given our long history as an owner and operator of high-quality infrastructure assets in Brazil, DLR approached us to partner in a joint venture. With $161 billion in assets under management, Brookfield Infrastructure operates across various sectors such as transportation, data centers, utilities, and midstream. Get specialized products that support evolving equipment standards and technology requirements. She graduated from CUNY Graduate School of Journalism with Masters in Business Journalism. Brookfield Infrastructure Partners and DigitalBridge Group are in fierce competition to acquire Compass Datacenters for a sum exceeding $5.5 billion, which includes debt. We're ready to help. During the same month, Brookfield Infrastructure also acquired freight container lessor Triton International Ltd (TRTN.N) for about $4.7 billion. Will the Data Protection and Digital Information Bill (No 2) reduce the regulatory burden? Currently, it is owned by RedBird Capital Partners, Ontario Teachers Pension Plan, and the Azrieli Group. Take advantage of a global marketing ecosystem and expand your reach among global IT buyers. Russia Seeks to Annex Occupied Ukraine as Invasion Goals ShiftCiti Trader Made Error Behind Flash Crash in Europe StocksUkraine Latest: Russia Seeks to Annex Occupied TerritoryAs Putin Gets Desperate, U.S. Should Remember Pearl HarborBidens Team Eyes $125,000 Income Cutoff for Student Loan Relief, Start tracking your investments with Statfolio. DLR is a leading global provider of data center, colocation and interconnection solutions. 173.236.172.89 Read our press releases for the latest news and stay up to date on what's happening at Equinix. The Dell'Oro Group Ethernet Switch - Data Center Quarterly Report offers a detailed view of the market, including Ethernet switches for server access, server aggregation, and data center core. Equinix (Nasdaq: EQIX) is the worlds digital infrastructure company. One of its flagship deals for the year has been the creation of a 50/50 joint venture focused on the development, ownership and operation of institutional data centres in India alongside Digital Realty. Seamlessly connect users, their cars and data at the digital edge. In a recent transaction, Brookfield acquired a majority stake in Data4, valuing the data center operator at approximately 3.5 billion euros ($3.8 billion), including debt. Vertiv Reports First Quarter Operating Profit of $130 Million and Adjusted Operating Profit (1) of $176 Million, Up . . The company has been mulling a sale that could reach a price tag of 8 billion (US$10.7 billion) or more. Access a rich library of resources to help inform your digital strategy. Brookfield also created a new company, Evoque, to operate data centers, notes Fanning. (This story has been corrected to say the auction is being held for Compass, not DigitalBridge, in paragraph 2). (EN), Japan (Software is addressed separately.) 4 Mins November 29, 2021 | 12:01 AM GMT Brookfield Asset Management (NYSE: BAM) is among suitors bidding to acquire operator Global Switch which could deliver this year's fourth US$10 billion-plus data centre acquisition, according to sources speaking to The Tech Capital. Compass Datacenters, headquartered in Dallas, Texas, specializes in providing tailored data centers for businesses. Global Switch Holdings Limited, a carrier-neutral wholesale data center operator in Europe and Asia-Pacific, has been named in press reports from Bloomberg noting that a number of potential "suitors" are "weighing bids" for the company, with Global Switch potentially commanding an enterprise value of $10 . Be sure to subscribe to our daily newsletter if you want more Information Technology news! The industry leader for online information for tax, accounting and finance professionals. Contact:+1 (646) 705 9409. Both . A trusted benchmark to accelerate digital transformation. No final decision has been made and Brookfield could opt against . Brookfield Infrastructure is the best high-yield pure-play infrastructure stock I've ever seen. Offers may be subject to change without notice. Visit the Interconnections blog for our latest news and updates, insights into solving business challenges. Atlanta 725 Ponce de Leon Ave NE Atlanta, GA USA 30306 Phone: 470-520-5000: Boston 60 State Street Boston, MA, USA 02109 Phone: 617-357-1200: Chicago 227 West Monroe Street, Chicago, IL, USA 60606 Phone: 312-395-9300: Dallas 5910 North Central Expressway, Dallas, TX, USA 75206 Phone: 214-346-7340: Denver 44 Cook Street Denver, CO, 80206 United States Phone: 303-468-5500 (ES), Oman This is making the deal easier to complete at a time when high interest rates and market volatility have made debt for leveraged buyouts scarcer and more expensive. The joint venture operates under the brand name BAM Digital Realty with analysts forecasting an investment over the next 10 years to reach between $5 and over $10 billion, with at least $2 billion committed for market entry. (FR), Turkey ${currentyear} Equinix, Inc. All rights reserved. Brookfield digital infrastructure investments. Equinix is powering a more sustainable digital world. The alternative asset management firm joins a group of companies also weighing bids for the London-based operator including Blackstone Inc. (NYSE: BX), KKR & Co. (NYSE: KKR), DigitalBridge (NYSE: DBRG), Equinix (NASDAQ: EQIX), and Digital Realty (NYSE: DLR). If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals. Switch agreed last year to review its operational and financial targets as part of a settlement with Elliott Investment Management. . READ MORE Switch Breaks Ground on Second and Third Tahoe Reno Data Centers Following Multi-Megawatt Expansions with Global E-Commerce and Semiconductor Clients Kunden knnen mit der Augmented Reality-App Lsungen fr Rechenzentren erkunden, Die Besitzer von Rechenzentrumsinfrastruktur knnen jetzt solche Verbrauchertechnologien wie erweiterte oder Augmented Reality-Apps dafr nutzen, Lsungen fr ihre Rechenzentren interaktiv zu beurteilen. Find out how we fulfill our sustainability goals. 01/06/2023. Digital leaders harness Equinixs trusted platform to bring together and interconnect foundational infrastructure at software speed. Elementica (Stockholm) - our largest data center. After starting with Reuters in Bangalore in 2009, Anirban left in 2013 to work as a technology deals reporter in several leading business news outlets in India, including The Economic Times and Mint. London, UK, Apr. - Switch Switch rose 3.8 per cent to close at US$31 in New York trading Monday, giving the company a market value of about US$7.6 billion. Switch is among the largest remaining listed data-center operators in the U.S. Rival CyrusOne Inc. last year agreed to be acquired by KKR & Co. and Global Infrastructure Partners. Alternative asset management firm Brookfield Infrastructure (TSX: BIP.UN; NYSE: BIP) has purchased 2023 The Tech Capital, part of Mondego Media Group Ltd. All Rights Reserved. These cookies are essential to ensure the correct functioning of the website, to allow you to register/login and access reserved features, and to allow us to monitor the security of the website and improve operating performance, for example, by storing your preferences to enhance your subsequent visits. (EN), Switzerland BROOKFIELD, News, July 14, 2021 (GLOBE NEWSWIRE) -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, and Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP) and its institutional partners ("Brookfield Infrastructure") announced today an agreement to establish a 50/50 joint venture . Its current portfolio includes 50 data centers, according to its website. Direct dynamic connections to customers, employees and partners with our IBX data center footprint. Anirban holds a history degree from Jadavpur University and a post-graduate diploma in journalism from the Indian Institute of Journalism & New Media. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. It unfortunately exited t (Bloomberg) -- Howard Marks, Oaktree Capital Managements co-founder, will have treatment for a c reits-0428-ph The roughly 1.3 million square foot parcel in Airoli was sold by K Raheja Corp for a cash consideration of around Rs 550 crore ($76.45 million). As the worlds digital infrastructure company, we connect places, partners and possibilities. No final decision has been made and Brookfield could opt against pursuing a deal, the people added. Work with our team to get the performance, scalability and interconnection of an expertly architected solution. Switch ( NYSE: SWCH) rose 3.8% on a report that Brookfield Asset Management ( BAM) is exploring a purchase of the data-center operator. Help lead the charge in . (EN), Singapore 16 You never have perfect information, but do take action, says Richard Sem Great Business Minds, Ep. The Deal reported in February that Compass Datacenters was exploring a sale. By signing up you agree to our, Shortlist announced for The Tech Capital Global Awards 2023, 7 reasons to attend The Tech Capital International Finance Forum and Global Awards 2023, Best practices for digital infrastructure businesses impacted by SVB's collapse, EdgeConneXs CEO on the sustainable path to becoming a global leader in the data centre industry, Opportunity and Growth: PTC CEO on the ever changing role of the 45-year-old conference, How investor sentiment is changing towards Africas digital infrastructure, Ep. Global Switch is controlled by Chinese steelmaker Jiangsu Shagang Group Co. (SHE: 002075) and backed by Avic Trust Co. Deliver competitive, cost-effective value-added services. Managing risk and growing resilience in an era of Black Swans and Grey Rhinos, The Tech Capital Global Awards 2023 Winners Announced, Brookfield to buy majority holding in data centre firm Data4, Brookfield in advanced talks to buy French data centre operator Data4 for $3.8bn, EQT, PSP to buy Radius Global Infrastructure in $3 billion cash deal, Equinix reports $3.5bn in gross profit as yearly revenue breaks record, Brookfield racing for Switch data centre portfolio takeover, UKs Kao Data to anchor $440m data centre campus in Manchester, first outside London region, $1bn Global Technical Realty launches first UK hyperscale data centre project, Hyperscaler Switchs EBITDA hit by power costs surge, Switchs multi-billion Dollar US expansion projects in pictures. We design, build and operate our data centers with the environment in mind. Switch, Inc. is a leader in exascale data center ecosystems, edge data center designs, industry-leading telecommunications solutions and next-generation . Rob Roy, CEO, Founder, and Chairman of Switch. The company manages an impressive portfolio of nearly $69 billion in assets. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. You can unsubscribe at anytime. Unterbrechungsfreie Stromversorgungen (USV), Kernrechenzentrum und kritische Einrichtungen, Erfahren Sie mehr ber unsere Erfolgsgeschichten, Kontaktieren Sie uns fr weitere Informationen, Welche verschiedenen Arten von USV-Systemen gibt es, Flssigkhlungsoptionen fr Rechenzentren, Leitfaden zur Nachhaltigkeit von Rechenzentren, Guide to Mission-Critical Facility Services, Allgemeine Geschftsbedingungen fr den Vertrieb. Equinix prioritizes allocating capital toward growth initiatives that will drive long-term shareholder value. 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