APPLICATION INFRASTRUCTURE

DigitalBridge to Acquire Majority Stake in GD Towers in Partnership with Brookfield

DigitalBridge | July 15, 2022 | Read time : :30 min

https://www.businesswire.com/news/home/20220713005949/en/DigitalBridge-to-Acquire-Majority-Stake-in-GD-Towers-in-Partnership-with-Brookfield
DigitalBridge Group, Inc. announced that funds affiliated with its investment management arm (collectively, “DigitalBridge”) together with Brookfield Infrastructure (NYSE: BIP, TSX: BIP.UN) and its institutional partners (collectively, “Brookfield”) have reached an agreement to acquire a 51% ownership stake in GD Towers. The transaction values GD Towers, the mobile telecommunications tower business of Deutsche Telekom AG (XETR: DTE), at €17.5 billion, or $17.5 billion1, on a consolidated basis, including the assumption of net debt.

GD Towers is Germany’s largest tower company, owning and operating over 33,000 towers and communication sites in Germany and over 7,000 towers and communication sites in Austria. GD Towers is led by an independent management team with decades of European tower company experience and a track record of delivering consistent growth and stable cash flows. GD Towers’ high-quality portfolio is supported by an anchor tenancy agreement with Deutsche Telecom, which will retain a minority 49% ownership stake in GD Towers following this transaction.

“The partnership being formed today is about building the next generation digital infrastructure champion of Europe,” said Marc Ganzi, CEO of DigitalBridge. “The combination of Deutsche Telekom’s leading mobile network and market position, alongside one of the largest real asset managers in the world in Brookfield, combined with the digital infrastructure domain expertise of DigitalBridge, creates a team of unmatched capabilities to support GD Towers as it grows to meet the evolving network demands of enterprises and consumers across Europe.”

The transaction is expected to close in late 2022, subject to regulatory approvals and other customary closing conditions.

DigitalBridge was advised by Perella Weinberg Partners, Evercore, and Barclays as financial advisors and Allen & Overy and Morgan Lewis as legal advisors.

About DigitalBridge
DigitalBridge is a leading global digital infrastructure investment firm. With a heritage of over 25 years investing in and operating businesses across the digital ecosystem including cell towers, data centers, fiber, small cells, and edge infrastructure, the DigitalBridge team manages a $47 billion portfolio of digital infrastructure assets on behalf of its limited partners and shareholders. Headquartered in Boca Raton, DigitalBridge has key offices in New York, Los Angeles, London, and Singapore.

Spotlight

Most organizations view the Domain Name System (DNS) simply as a service that maps fully-qualified domain names to Internet Protocol (IP) addresses. DNS does allow for easier human-readable names (e.g. www.example.org) to be typed into a web browser, and allows a web connection to be made to the IP address (e.g.192.168.234.123). However, DNS provides more functionality than just mapping names to numbers. DNS is the crucial underlying system that we all rely on for all digital communications.

Spotlight

Most organizations view the Domain Name System (DNS) simply as a service that maps fully-qualified domain names to Internet Protocol (IP) addresses. DNS does allow for easier human-readable names (e.g. www.example.org) to be typed into a web browser, and allows a web connection to be made to the IP address (e.g.192.168.234.123). However, DNS provides more functionality than just mapping names to numbers. DNS is the crucial underlying system that we all rely on for all digital communications.

Related News

IT SYSTEMS MANAGEMENT

Digital Innovation: Huawei Unveil MEGA digital Infrastructure Solutions

Huawei | July 25, 2022

During the Huawei Intelligent Finance Summit 2022, Huawei proposed the Multi-domain collaborative, Efficient, Green, and Autonomous (MEGA) financial digital infrastructure, and unveiled solutions empowering digital transformation of financial industry. Riding on the megatrends of fully connected, fully intelligent, and all scenarios finance, digital innovation is the key competitiveness for business growth, operational resilience, and sustainability, which has also become the crucial engine of the global digital economy. The ultimate user digital experience and business innovations are accelerating digital transformation of the financial industry. "For digital and intelligent transformation of finance, Huawei will work with partners to embrace challenges ahead, and help the financial sector build MEGA digital infrastructure." Dr. Margaret Hu, President of Marketing and Solution Sales, Global Digital Finance, Huawei. MEGA represents multi-domain collaborative, efficient, green, and autonomous. Huawei believes these directions of MEGA is important for financial digital infrastructure evolution in the new era. To build MEGA digital infrastructure, the computing power, storage, and connectivity will be reshaped to empower financial institutions achieve high-efficiency, high-availability, and high-performance services through in-depth Cloudification Collaboration, Cross domain Collaboration and Heterogeneous Collaboration. Nicholas Ma, President of the Enterprise Business Group, Huawei Asia Pacific Region, Huawei, said: "To build the green, digital and intelligent finance, we can move faster together only with healthy and sustainable ecosystem collaboration. We plan to enhance the ecosystem collaboration with global partners to match the digital demands from financial industry based on our fundamental research capability, innovative solutions, technology platform and Huawei Cloud." Driving digital transformation with innovation, Huawei Unveil MEGA Infrastructure Solutions Based on Huawei's leading innovative technologies and capabilities, Huawei works with partners to develop innovative digital infrastructure solutions. Industry's first Storage-Optical Connection Coordination (SOCC): The combination of millisecond-level optical transmission link fault detection and fast storage switchover algorithm reduces the I/O link switchover from 120 seconds to 2 seconds when a transmission line is faulty, ensuring zero transaction failures and 24/7 online service for financial customers. Multi-Domain Controller (MDC): Financial customers' public clouds, private clouds, and traditional data centers are isolated from each other, which makes it difficult for multiple departments to collaborate on network O&M. The MDC solution implements network-wide simulation verification and one-click configuration delivery, reducing the network change efficiency from days to minutes. Converged Storage Pool: To meet customers' multi-environment requirements, all data from physical machines, VMs, containers, or public clouds, can be stored in one data resource pool and centrally managed using Huawei Data management engine (DME). This solution consolidates the data resources, improving the overall resource utilization from 40% to 70%, and lowering the TCO by 30%. Guaranteed Data Protection: In antivirus and anti-ransomware scenarios, the firewall, all-flash production, and all-flash backup are combined to achieve integrated protection ranging from virus detection, prevention, and isolation to data recovery. The virus detection rate is increased from 99.5% to 99.9%, and the backup and recovery time is shortened by five times. This solution effectively prevents virus attacks such as ransomware and ensures financial service security. Huawei works with Netis to jointly develop a service-level intelligent O&M solution for the financial industry, to address a series of IT O&M challenges.by this solution O&M of services, applications, clouds, data centers, networks, and devices can be visualized from end to end, covering all links. Huawei & Tongdun jointly developed Intelligent Risk Decision: Combining Tongdun's industry-leading decision-making engine, model management capabilities, and with Huawei Cloud, leading data & AI technologies, such as Hetu, DGC, Lakehouse, and GES. This solution helps financial customers improve decision-making efficiency by over 70% in scenarios such as anti-fraud and credit rating. The average response time in large-scale concurrency scenarios can reach less than 50 ms. In addition, hundreds of typical rules and models are built in, facilitating quick deployment and meeting service challenges.

Read More

APPLICATION INFRASTRUCTURE,IT SYSTEMS MANAGEMENT

Infura Announces Plan to Foster a Decentralized Infrastructure Ecosystem

ConsenSys | September 17, 2022

Infura, the world's leading Web3 API provider from ConsenSys with more than 430,000 developers globally, today announced its plan to launch a Decentralized Infrastructure Network to complement the existing offering. The decentralized protocol will be a community of highly engaged infrastructure providers participating in an open source ecosystem that can together overcome the limitations of the existing marketplace. The decentralized protocol will exemplify the promise of Web3, ensuring that millions of future users across the world can seamlessly access the information and services they need without outages and downtime due to a single point of failure. It is planned to be launched in the first half of 2023. The demand for decentralized alternatives to the world's current centralized systems and services continues to grow quickly. Data hacks and outages in the status quo hurt users. Decentralizing access to blockchain APIs is a vital step to improve network uptime and importantly, give people sovereignty of their personal data. “Decentralization has always been the overarching goal of ConsenSys. Now that we are seeing natural product market fit, our product teams are decentralizing what we do and how we do it. A Decentralized Infrastructure Network via Infura is the natural continuation of that goal,” said Joseph Lubin, CEO of ConsenSys. Providing a more decentralized option Infura launched its service in 2016 with the goal of reducing friction for Web3 developers and simplifying access to the Ethereum and IPFS networks. Since then, Infura’s Ethereum API has enabled over 430,000 developers to build products ranging from blockchain-based games, decentralized finance applications, NFT marketplaces, and DAOs. Infura provides the core infrastructure backend for popular Web3 products such as MetaMask, the Ethereum Name Service, and Layer 2 scaling solutions. The Web3 developer community started on Ethereum, but it has expanded to several new and complementary networks. Infura recognizes the rise of a multi-chain world is inevitable and this is why Infura supports an increasing variety of blockchain APIs. “Infura was founded on the belief that the Web3 developer community can create a world where economic freedom, shared truth, and digital security are guaranteed to everyone on the planet. Today we’re announcing an important evolution that aims to underscore these values and affirm our commitment to being the world’s leading blockchain development suite for Ethereum and other networks. A Decentralized Infrastructure Network was always an inevitable part of our future,” added Eleazar Galano, co-founder of Infura. Infura provides the critical infrastructure behind leading DeFi applications, sustainable Layer 2 networks, and other creative use cases being built on Ethereum and other networks. Infura’s infrastructure backend has been battle-tested with years of experience managing high-throughput requests for thousands of customers, but as a single service provider, it will never be perfect. The future launch of a Decentralized Infrastructure Network will complement its current service, offering the possibility of increased resilience and greater collaboration in the ecosystem. A long-term vision to help create a new public good with new network roles The new decentralized protocol will be implemented in incremental stages, and over time, it will help ensure: A robust community of infrastructure operators who will be able to handle high-throughput requests similar to a multi-cloud database – without a single point of failure. The long-term viability of Web3 through scalable collective governance and data sovereignty that meets the needs of the demanding, digital-native users, while ensuring ownership, security, and transparency. Qualified infrastructure providers can now apply to an early access program to be a test operator on the new network through this link. ABOUT CONSENSYS ConsenSys is a leading Ethereum and decentralized protocols software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, MetaMask Institutional, Truffle, Diligence and our NFT platform, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets. Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open-source foundation, we are building the digital economy of tomorrow.

Read More

IT SYSTEMS MANAGEMENT

Kyndryl Announces Recovery Retainer Service to Restore Customers' Ability to Operate After Cyber Attacks

Kyndryl | July 26, 2022

Kyndryl , the world's largest IT infrastructure services provider, today announced a new retainer service to help customers recover from a disruptive cyber incident such as ransomware. Kyndryl's Recovery Retainer Service focuses on recovery actions that extend beyond incident response retainers available on the market today. The service is a natural complement to any incident response retainer and builds on Kyndryl's expertise in security and resiliency services. Kyndryl's Recovery Retainer Service provides experts, either on the ground or remote, to help organizations recover from a cyber incident. This service is designed to provide on-demand qualified experts in cyber recovery, to assist the customer in proactively improving cyber recovery preparedness, as well as delivering support to recover from cybersecurity events. Kyndryl combines deep domain expertise, recovery response, and remediation to maximize value while using industry-best practices supported by consulting and recovery expertise to support customers as they face ever increasing threats. "We need to see a shift in this field, from simply security to one of 'cyber resilience.' The public and private sector need both because today it is no longer a question of whether cyber attackers will breach our defenses, but when will they break through and how much damage they will do," said Kris Lovejoy, Kyndryl Security and Resiliency Global Practice Leader. "The Recovery Retainer Service mitigates the impact of cyber incidents by having experts on hand," Lovejoy said. "IT and cybersecurity teams are being tasked to demonstrate that cyber resilience does not reside solely on whiteboards anymore. Having an actual cyber recovery plan that allows for key capabilities to be brought up in a controlled and rapid manner is a key step in cyber resilience. "A logical progression involves practicing the cyber recovery plan on a regular basis to reduce the elevated stress levels that are inherent in an actual cyber recovery operation, while simultaneously smoothing out the kinks from the inevitable changes to an organization's digital footprint." Craig Robinson, IDC Research Vice President, Security Services Kyndryl's Recovery Retainer Service provides global expert knowledge, assets, and delivery to perform recovery actions after an attack causes an outage. The service is intended to help customers get back up and running quickly. It goes beyond incident response retainer services that provide forensics, but typically do not address recovery-related actions such as defining recovery processes based upon forensics, redeploying applications, restoring data, cleaning systems, among other critical tasks. The Kyndryl Recovery Retainer Service complements existing incident response retainers. About Kyndryl Kyndryl is the world's largest IT infrastructure services provider. The company designs, builds, manages, and modernizes the complex, mission-critical information systems that the world depends on every day. Kyndryl's more than 90,000 employees serve over 4,000 customers in more than 60 countries around the world, including 75 percent of the Fortune 100.

Read More