Liberty Global Plc [NASDAQ: LBTYA] disclosed that it has joined hands with Digital Colony. Both the firms have joined forces to develop AtlasEdge Data Centers, a European Edge data center business. AtlasEdge will provide services through a broad network of facilities situated close to consumer and enterprise end users, the "edge" of the network.
The firm is striving to provide services to the increasing demand from cloud providers, streaming services, and enterprises for high-performance, scalable, and secure facilities through which they can disseminate low-latency applications and services such as 5G, gaming, IOT and edge compute. Liberty Global will provide digital infrastructure assets, involving its technical real estate portfolios, at levels dependable with European digital infrastructure valuations, indicating the strong underlying value embedded in its businesses.
Furthermore, Liberty Global will also offer strategic and operational help to the business. Digital Colony will offer operating expertise, strategic direction, and capital to back the considerable growth and consolidation opportunity in edge co-location services across Europe.
It has been revealed that the foundation of the planned JV is dependent to receipt of traditional regulatory and merger control authorizations. Liberty Global and Digital Colony anticipate the deal to be executed in Q3 2021. The recommended joint venture will open the growth opportunities of Liberty’s digital real estate holdings and take advantage of the evolving demand.