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DigitalBridge Appoints Jonathan S. Adelstein as Head of Global Policy and Public Investment
Rhea-AI Impact
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Rhea-AI Sentiment
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management
Rhea-AI Summary
DigitalBridge Group, Inc. (NYSE: DBRG) has appointed Jonathan S. Adelstein as Managing Director and Head of Global Policy and Public Investment, commencing June 1, 2022. With 35 years of experience, including 24 years in telecom, Adelstein previously served as President and CEO of the Wireless Infrastructure Association. His role will focus on digital infrastructure policy, assessing investment opportunities and risks, and enhancing connectivity in underserved areas. The leadership team aims to utilize his expertise to navigate regulatory challenges and expand DigitalBridge's portfolio globally.
Positive
Jonathan Adelstein's extensive expertise in digital infrastructure policy is expected to strengthen DigitalBridge's investment strategies.
His background in broadband expansion and rural telecommunications can enhance DigitalBridge's initiatives in underserved areas.
Negative
The addition of a new leadership role may indicate previous gaps in strategy or policy focus.
Transitioning leadership could lead to potential disruptions during the adjustment period.
Adelstein Brings Decades of Digital Infrastructure Policy Expertise to DigitalBridge’s Investment Team
BOCA RATON, Fla.--(BUSINESS WIRE)--
DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) today announced the appointment of Jonathan S. Adelstein as Managing Director and Head of Global Policy and Public Investment.
Mr. Adelstein brings 35 years of national public leadership to DigitalBridge, including 24 years of dedicated telecom expertise. He joins DigitalBridge from the Wireless Infrastructure Association (WIA), the principal organization representing companies that build, design, own and manage telecommunications infrastructure around the world, where he has served as the President and CEO since 2012. Mr. Adelstein will join DigitalBridge on a full-time basis beginning June 1, 2022.
In his new role, Mr. Adelstein will provide strategic insights into digital infrastructure policy on a global basis, advise DigitalBridge on opportunities and risks across its portfolio of companies, support the firm’s investment evaluation and diligence processes, and represent its interests before policymakers. In addition to contributing to DigitalBridge’s existing depth as a valuable partner to its operating companies, Mr. Adelstein will leverage his extensive experience to advance infrastructure development in underserved areas, promoting DigitalBridge’s vision to build a sustainable future by expanding digital connectivity.
“We are excited to welcome Jonathan and strengthen the DigitalBridge leadership team with the addition of a nationally recognized leader in digital infrastructure policy,” said Marc Ganzi, President and CEO of DigitalBridge. “Jonathan’s unmatched knowledge of the fast-moving regulatory environment, both in the U.S. and globally, will add depth to DigitalBridge and inform our work on existing and prospective investments. As we continue expanding our footprint and pursuing exciting opportunities in digital infrastructure, we will benefit from his experience as we deliver superior value for our investors and stakeholders.”
Prior to his role at WIA, Mr. Adelstein served as Commissioner of the Federal Communications Commission (FCC) from 2002 to 2009. He was twice nominated for this role by President George W. Bush and confirmed by the U.S. Senate. At the FCC, he achieved bipartisan progress on broadband expansion, including presiding over the then-largest wireless auction in U.S. history, pioneering innovative shared spectrum policy, and improving access to the Internet for all communities. In 2009, following his service on the FCC, Mr. Adelstein was nominated by President Barack Obama and confirmed by the Senate to head the U.S. Department of Agriculture’s Rural Utilities Service, where he oversaw a $60 billion loan portfolio of rural electric, water, and telecommunications infrastructure loans, as well as spearheaded the investment of over $3 billion in grants and loans to expand rural telecommunications networks under the Recovery Act.
“DigitalBridge is a global leader in digital infrastructure, and I am excited to contribute to its continued growth and success,” said Mr. Adelstein. “I look forward to working closely with Marc and the entire team to promote investments and strong policies that close the digital divide for communities around the world, while leveraging my knowledge and experience to seize opportunities and mitigate risks in increasingly dynamic policy environments.”
About Jonathan S. Adelstein
Jonathan S. Adelstein is the President & CEO of Wireless Infrastructure Association (WIA). Accomplishments during his tenure include winning the inclusion of wireless technology in the recently enacted $65 billion broadband infrastructure plan, the addition of over 100 new members to the association, record participation at WIA’s annual wireless infrastructure show, the formation of a new association in Europe and the launch of a new nationwide training initiative. Prior to joining WIA, Mr. Adelstein served as Administrator of the U.S. Department of Agriculture’s Rural Utilities Service from 2009 to 2012, overseeing a $60 billion portfolio of infrastructure loans and implementing a $7 billion strategic investment in rural broadband and water infrastructure. Mr. Adelstein also served on the White House National Science and Technology Council and the White House Business Council during the Obama administration. He served as Commissioner of the Federal Communications Commission from 2002 to 2009 and achieved bipartisan progress on a wide range of issues including spectrum policy. Earlier in his career, Mr. Adelstein held several legislative staff positions in the U.S. Senate over 15 years, culminating in his role as a senior policy advisor to the Senate Majority Leader. Mr. Adelstein received an M.A. in History and a B.A. in Political Science from Stanford University.
About DigitalBridge
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 cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $45 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore. For more information, visit: www.digitalbridge.com
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Additional information about these and other factors can be found in DigitalBridge’s Annual Report on Form 10-K for the year ended December 31, 2021, and its other reports filed from time to time with the U.S. Securities and Exchange Commission (“SEC”). All forward-looking statements reflect DigitalBridge’s good faith beliefs, assumptions and expectations, but they are not guarantees of future performance. DigitalBridge cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. DigitalBridge is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and DigitalBridge does not intend to do so.
Who is Jonathan S. Adelstein and what will he do at DigitalBridge?
Jonathan S. Adelstein is the newly appointed Managing Director and Head of Global Policy and Public Investment at DigitalBridge, focusing on digital infrastructure policy and investment evaluation.
When did Jonathan S. Adelstein start his role at DigitalBridge?
Jonathan S. Adelstein started his role on June 1, 2022.
What is DigitalBridge's strategy regarding digital infrastructure investment?
DigitalBridge aims to enhance connectivity in underserved areas and navigate regulatory challenges through informed investment strategies.
What previous roles did Jonathan S. Adelstein hold before joining DigitalBridge?
Before joining DigitalBridge, he was the President and CEO of the Wireless Infrastructure Association and served as Commissioner of the Federal Communications Commission.
