The private sector arm of the World Bank Group is investing $100m (€86.4m) in digital infrastructure assets managed by DigitalBridge in Brazil, Indonesia and Malaysia.
DigitalBridge said the International Finance Corporation (IFC) will be investing in the assets to help to expand digital access and connectivity.
IFC’s $100m investment includes $75m already committed in three of DigitalBridge’s portfolio companies Scala Data Centers in Brazil; EdgePoint Infrastructure in Indonesia and Malaysia; and Highline do Brasil in Brazil.
IFC will invest an additional $25m in other digital infrastructure assets in emerging markets managed by DigitalBridge in the future.
DigitalBridge said the IFC capital will enable the expansion of Scala, EdgePoint and Highline’s digital infrastructure businesses and increase access to quality digital connectivity and data centre capacity for both individuals and enterprises in these regions.
Lance Crist, global head of equity for infrastructure at IFC, said: “Digital infrastructure underpins every aspect of society and the economy, from smart cities and e-government to healthcare and education, from e-commerce, financial services, and manufacturing to research and development and more.
“This investment feeds into our priority of closing the digital divide by improving digital infrastructure and services, boosting rural connectivity, and accelerating the rollout of 4G and 5G digital communications technology globally.”
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