LBTYA - Liberty Global and Digital Colony to form JV to develop edge data centers in Europe

Liberty Global (LBTYA) and Digital Colony, a subsidiary of Colony Capital (CLNY) to establish a joint venture 'AtlasEdge Data Centres', a European Edge data center business. The transaction is expected to close in Q3 2021, subject to approvals. Liberty Global will provide digital infrastructure assets, operational support and Digital Colony will provide operating expertise, strategic direction, capital to the business. Mike Fries, CEO Liberty Global, comments: “Combining Liberty Global’s technical real estate and track record in building successful, sustainable businesses with Digital Colony’s expertise in digital infrastructure investment creates an exciting platform for growth that will deliver long-term value. The proposed joint venture presents significant growth opportunities as we look to build this business into a leading European edge data center operator. Furthermore, since several of our operating companies will become anchor tenants, Liberty Global customers will also benefit from better and more responsive services.”Yesterday, UK regulators appoved Virgin Media-O2 combination.

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Liberty Global and Digital Colony to form JV to develop edge data centers in Europe