DigitalBridge-backed Vantage Data Centers completed the acquisition of the data center business of PCCW for $750m.

DigitalBridge-backed Vantage Data Center, an innovative, scalable wholesale data center campuses provider, completed the acquisition of the data center business of PCCW, a Hong Kong-based information and communications technology company, for $750m. "As an experienced investor in the global data center sector, DigitalBridge’s expertise investing in, building, and operating data centers to the highest standards aligns perfectly with PCCW DC’s next stage of development. They are already a leading operator in the region and are poised for significant growth, with a strong development pipeline and considerable expansion capacity. This is a terrific platform for DigitalBridge to expand its regional presence while supporting a strong management team focused on serving many of the same hyperscale and large enterprise customers that DigitalBridge works with on a global basis," Marc Ganzi, DigitalBridge President and CEO.