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Richard Li's PCCW in Talks to Sell Data Centers to DigitalBridge


Manuel Baigorri, Bloomberg News
(Bloomberg) DigitalBridge Group Inc., a digital infrastructure investment firm, is in advanced talks to acquire data-center assets from PCCW Ltd., according to people familiar with the matter.
PCCW’s data-center assets could be valued at more than $600 million in a potential transaction, the people said, asking not to be identified because the matter is private.
DigitalBridge has emerged as the strongest bidder after an auction and is discussions to finalize details of an agreement with PCCW, the Hong Kong telecommunications, media and technology conglomerate controlled by billionaire Richard Li, the people said. An announcement could come as soon as this month, they added. ....

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