DigitalBridge-Backed Vantage Said to Weigh HK Data Centers Sale [BNN Bloomberg (Canada)]
PCCW LTD S/ADR (PCCWY)
NASDAQ:AMEX Investor Relations:
hkexnews.hk/listedco/listconews/sehk/2004/0319/00008/ewf123.pdf
Company Research
Source: BNN Bloomberg
The Denver, Colorado-headquartered company is working with a financial adviser and has reached out to prospective investors to gauge interest, the people said, asking not to be identified as the process is private. A deal could value the Hong Kong data centers at $300 million to $500 million, they said. Vantage has facilities in three parts of Hong Kong — Fo Tan, Kwai Chung and On Lok — and an office in Kowloon that it opened in 2022. Backed by Boca Raton, Florida-based alternative asset manager DigitalBridge Group Inc., the company operates data centers, or campuses, for so-called hyperscalers, cloud providers, artificial intelligence and other technology firms, according to its website. Its Asia-Pacific headquarters are in Singapore, and it has 34 campuses globally. Deliberations are ongoing and Vantage could decide to keep the assets, the people said. A representative for Vantage declined to comment. The Hong Kong data center assets were acquired from local telecommunication
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