Liberty Global and Digital Colony to Launch JV to Develop Edge Data Centers in Europe

Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK), one of the world’s leading converged video, broadband and communications companies, and Digital Colony, a leading global investment firm dedicated to digital infrastructure, today announced the creation of AtlasEdge Data Centres, a European Edge data center business.

The creation of the proposed JV is subject to receipt of customary regulatory and merger control approvals. Liberty Global and Digital Colony expect the transaction to close in Q3 2021.

AtlasEdge will deliver services via an extensive network of facilities located close to consumer and enterprise end users, the “edge” of the network. The company aims to serve the growing demand from cloud providers, streaming services and enterprises for high-performance, scalable and secure facilities through which they can distribute low-latency applications and services such as 5G, gaming, IOT and edge compute. As data traffic grows and gravitates to the edge of the network, AtlasEdge’s ability to access edge connectivity and efficiently distribute mission-critical and content-heavy data traffic will be increasingly relevant.

Liberty Global will contribute digital infrastructure assets, including its technical real estate portfolios, at levels consistent with European digital infrastructure valuations, highlighting the strong underlying value embedded in its businesses. Liberty Global will also provide strategic and operational support to the business. Digital Colony will provide operating expertise, strategic direction and capital to support the significant growth and consolidation opportunity in edge co-location services across Europe.

Upon closing of the JV, seasoned industry executive Josh Joshi will join and lead AtlasEdge’s Board of Directors as Executive Chairman. Mr. Joshi has over 20 years of experience building value in the digital infrastructure sector, holding senior positions at several multinational companies including CFO of Interxion, a leading provider of carrier and cloud-neutral data center solutions across EMEA. Mr. Joshi will support the strategic growth of AtlasEdge with a focus on building the organization as well as extending its reach across European markets.