UBS, Redpeak advising DigitalBridge on EdgePoint sale
DigitalBridge has mandated UBS and Redpeak to advise on a partial or full sale of its Southeast Asian telecommunications tower infrastructure subsidiary EdgePoint Infrastructure, three sources familiar with the situation said.
The Florida-based fund manager is considering monetising EdgePoint amid the growing interest in telecommunications assets, said the first source.
Similarly in Latin America, the company is working with Deutsche Bank and DH Capital on a strategic review of its São Paulo-based portfolio company Scala Data Centers, as Infralogic flagged in September.
For EdgePoint, the vendor may want a USD 4bn valuation, and the asset has already received early interest from several infrastructure investors, as reported by a newswire on 13 September.
Indonesia’s Mitratel, which has allocated IDR 2.1trn (USD 129.4m) for fibre optics and telecommunication towers M&A this year, could be among the interested parties that may join the bid, said two sector advisors. It is the Indonesian firm’s chance to acquire a platform that will expand their presence regionally, said one of them.
Mitratel owns 37,000 telecom towers as of 2023, as per a media report. Meanwhile, EdgePoint has 10,000 in Indonesia through its 92.17%-owned subsidiary Centratama Group, another 2,800 in the Philippines, and 1,500 in Malaysia, according to its website.
DigitalBridge and UBS declined to comment. EdgePoint Infrastructure, Redpeak, and Mitratel did not respond to requests for comment.