Digitalbridge Group Inc - DBRG STOCK NEWS

DigitalBridge Group, Inc. (NYSE: DBRG) is set to conduct its quarterly earnings call on May 5, 2022, at 10:00 a.m. ET, discussing its First Quarter 2022 financial results. The earnings presentation will be available via a live webcast on the company's investor relations page. DigitalBridge manages a $45 billion portfolio in the digital infrastructure sector, including data centers and cell towers, showcasing its leadership in the REIT space. A replay of the earnings call will be accessible later on the same day.

DigitalBridge Group, Inc. (NYSE: DBRG) has announced the promotion of Ben Jenkins to President and Chief Investment Officer, reflecting his crucial role since the company's founding. Marc Ganzi, CEO, highlighted Jenkins' extensive expertise as beneficial for their ongoing transformation focused on digital growth. Jenkins has been Chief Investment Officer since 2019 and has a notable background with firms like The Blackstone Group. DigitalBridge manages a $45 billion portfolio in digital infrastructure, underscoring its position in the market.

DigitalBridge Group (NYSE: DBRG) announces its inaugural investment through DigitalBridge Ventures, leading a $60 million Series C funding round in Celona, Inc., a pioneer in the private LTE/5G infrastructure market. The funding aims to accelerate Celona's global sales, research and development, and channel growth, targeting a market projected to exceed $6 billion by 2024. This investment expands DigitalBridge's strategy into high-growth digital infrastructure technologies, leveraging its domain expertise and strategic opportunities.

DigitalBridge Group has announced the acquisition of Telenet’s mobile telecommunications tower business in Belgium for €745 million (about $820 million). This all-cash deal, funded by a mix of debt and equity, enables DigitalBridge to own 100% of Telenet’s passive infrastructure, comprising 3,322 sites. The acquisition is expected to strengthen DigitalBridge's position in the market, catering to rising 5G deployment needs. A 15-year Master Lease Agreement ensures stable cash flows, while an anticipated closing in Q2 2022 boosts growth prospects for both companies.

DigitalBridge Group (NYSE: DBRG) announced participation in several upcoming industry conferences. On March 29, 2022, Jacky Wu, CFO, will deliver a keynote at the 10th Annual South Wireless Summit in Nashville, TN. On April 7, 2022, Marc Ganzi, CEO, will join a panel at the NYU Schack Institute of Real Estate’s 26th Annual REIT Symposium in New York, NY. From April 25-27, 2022, Jon Mauck and Chris Moon will participate in discussions at the DataCloud Global Congress in Monaco. DigitalBridge manages a $45 billion digital infrastructure portfolio.

DigitalBridge Group has announced privately negotiated exchange agreements involving approximately $60 million of its 5.75% Exchangeable Senior Notes due 2025. In exchange, noteholders will receive shares of DigitalBridge's Class A Common Stock and a fixed cash payment totaling $14.4 million. The exchange ratio has been adjusted to reflect future interest savings, allowing the issuance of 25.6 million shares. This exchange is set to close around March 8, 2022, with a cumulative $222 million of the notes exchanged, leading to an annualized interest saving of $13 million.

DigitalBridge Group (NYSE: DBRG) announces its participation in several upcoming investor conferences. Key events include:

• Citi's Global Property CEO Conference: Marc Ganzi, CEO, will present on March 7 at 4:15 pm ET.
• Raymond James 43rd Annual Institutional Investors Conference: Ganzi and CFO Jacky Wu will speak on March 8 at 9:50 am ET.
• Deutsche Bank 2022 Media, Internet, and Telecom Conference: Ganzi will present on March 15 at 11:05 am ET.
• Infrastructure Investor Global Summit Berlin 2022: Panel discussions featuring Ganzi are scheduled for March 22 and 23.

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.

DigitalBridge Group (NYSE: DBRG) has successfully completed the sale of its Wellness Infrastructure business for $3.2 billion. The net value to DigitalBridge from this transaction is $316 million, consisting of $161 million in cash and a $155 million seller's note. The deal assumes $2.6 billion in investment-level debt and $294 million in subsidiary-level debt. This sale aligns with DigitalBridge’s strategy to transition from diversified to digital infrastructure, strengthening its capital foundation.