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Effective URL: https://investor.digitalrealty.com/news-and-events/news/press-release-details/2021/Digital-Realty-Announces-The-Closing-Of-Its-Join...
Submission: On November 16 via api from US — Scanned from DE
Effective URL: https://investor.digitalrealty.com/news-and-events/news/press-release-details/2021/Digital-Realty-Announces-The-Closing-Of-Its-Join...
Submission: On November 16 via api from US — Scanned from DE
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<h3 class="module-details_title"><span id="_ctrl0_ctl57_lblModuleDetailHeadline">Digital Realty Announces The Closing Of Its Joint Venture In India</span></h3>
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<p>AUSTIN, Texas, Sept. 23, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today that BAM
Digital Realty – its Indian joint venture with Brookfield Infrastructure L.P. (TSX: BIP.UN; NYSE: BIP) and its institutional partners ("Brookfield Infrastructure") – has received all requisite regulatory approvals
and the parties have closed the
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=2256637481&u=https%3A%2F%2Finvestor.digitalrealty.com%2Fnews-and-events%2Fnews%2Fpress-release-details%2F2021%2FDigital-Realty-and-Brookfield-Infrastructure-to-Establish-Joint-Venture-to-Develop-and-Operate-Data-Centers-on-PlatformDIGITAL-in-India%2Fdefault.aspx&a=joint+venture+previously+announced" rel="nofollow">joint venture previously announced</a> on
July 14, 2021. </p>
<p>The joint venture enables the expansion of
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=3966210256&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D231339996%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fplatform-digital%26a%3DPlatformDIGITAL&a=PlatformDIGITAL%C2%AE" rel="nofollow">PlatformDIGITAL®</a>,
Digital Realty's global data center platform, which supports the evolving data, control and networking demands of global service providers as well as global and local enterprises. Its expansion across India is
expected to enable customers to rapidly scale digital transformation by deploying critical infrastructure with a leading global data center provider at the heart of a growing connected data community in India. Data
centers developed in India will leverage Digital Realty's industry-leading energy-efficient
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=272473465&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D1624783603%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fdata-center-solutions%252Fgreen-data-centers%26a%3Ddata%2Bcenter%2Bdesign%2Band%25C2%25A0operating%2Bprocedures&a=data+center+design+and+operating+procedures" rel="nofollow">data center design and operating procedures</a> and
highly repeatable
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=405217066&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D1103624910%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fresources%252Fbriefs-blueprints-guides%252Fdigital-workplace-design-guide%26a%3DPervasive%2BData%2BCenter%2BArchitecture&a=Pervasive+Data+Center+Architecture+(PDx%E2%84%A2)" rel="nofollow">Pervasive Data Center Architecture (PDx™)</a> approach
for the new digital workplace. </p>
<p>In addition, Seema Ambastha has been appointed CEO of the joint venture. Ambastha joins BAM Digital Realty from NTT Netmagic where she held the position of Senior Executive Vice President, India Sales and Solution
Engineering. Prior to that, she worked for Netmagic IT Services, Rolta, VMware, Oracle and Wipro Infotech. She has a strong academic background with a PhD in Computer Science as well as rich experience across
diverse IT disciplines spanning more than three decades. </p>
<p>"We are extremely pleased that Seema has joined BAM Digital Realty at such an exciting time in the industry," said Mark Smith, Managing Director, APAC for Digital Realty. "She brings over 20 years of strong
business leadership skills across various roles in the industry. Not only will we have a fantastic global legacy to build upon, but we have a tremendous opportunity as well. With a population of over 1.4
billion, India is the world's fifth-largest economy in terms of GDP, with a rapidly emerging data center market and accelerating adoption of digital business models." </p>
<p>To support the expected rapid growth opportunity for data centers in India, BAM Digital Realty has also recently filled multiple senior leadership positions, in the fields of Design & Construction as well as
Business Development. </p>
<p>"With Seema's appointment and the formal closing of the joint venture, we look forward to advancing several key strategic priorities for BAM Digital Realty and bringing together our collective capabilities to deliver a
truly differentiated solution for our customers," said Arpit Agrawal, Managing Director and Head of India & Middle East, Brookfield Infrastructure. "The joint venture expands Brookfield Infrastructure's
significant global data infrastructure portfolio, which currently includes $23 billion in assets across data transmission, distribution, and storage, including a portfolio of 139,000 operational telecom wireless towers
in India, which it intends to expand to 175,000 over the near term. We are excited about what the Indian market has to offer and hope to contribute meaningfully to India's digital ecosystem." </p>
<p>
<b>Additional Resources</b>
</p>
<ul type="disc">
<li>Digital Realty and Brookfield Infrastructure to establish
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=784703200&u=https%3A%2F%2Finvestor.digitalrealty.com%2Fnews-and-events%2Fnews%2Fpress-release-details%2F2021%2FDigital-Realty-and-Brookfield-Infrastructure-to-Establish-Joint-Venture-to-Develop-and-Operate-Data-Centers-on-PlatformDIGITAL-in-India%2Fdefault.aspx&a=joint+venture" rel="nofollow">joint venture</a>
to develop and operate data centers on PlatformDIGITAL® in India </li>
<li>Digital Realty and Brookfield close Ascenty
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=4087426&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D2632652422%26u%3Dhttps%253A%252F%252Finvestor.digitalrealty.com%252Fnews-and-events%252Fnews%252Fpress-release-details%252F2019%252FDigital-Realty-Announces-Closing-Of-Joint-Venture-With-Brookfield-Infrastructure%252Fdefault.aspx%26a%3DJoint%2BVenture&a=joint+venture" rel="nofollow">joint venture</a> in
Latin America </li>
<li>Explore global deployment opportunities on
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=1256254437&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D2607960007%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fplatform-coverage-map%26a%3DPlatformDIGITAL&a=PlatformDIGITAL" rel="nofollow">PlatformDIGITAL</a>®
</li>
<li>Visit the
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=3719872403&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D1794536183%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fplatform-digital%252Fdata-gravity-index%26a%3DData%2BGravity%2BInsights%2BHub&a=Data+Gravity+Insights+Hub" rel="nofollow">Data Gravity Insights Hub</a> to
learn more about data gravity and see growth forecasts in the Data Gravity Index DGx™ </li>
<li>Read about our open interconnection manifesto for enabling
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=3944192390&u=https%3A%2F%2Fc212.net%2Fc%2Flink%2F%3Ft%3D0%26l%3Den%26o%3D3227631-1%26h%3D3269492802%26u%3Dhttps%253A%252F%252Fwww.digitalrealty.com%252Fenabling-connected-data-communities%26a%3Dconnected%2Bdata%2Bcommunities&a=connected+data+communities" rel="nofollow">connected data communities</a>
</li>
</ul>
<p>
<b>About Digital Realty<br></b>Digital Realty supports the world's leading enterprises and service providers by delivering the full spectrum of data center, colocation, and interconnection solutions.
PlatformDIGITAL®, the company's global data center platform, provides customers a trusted foundation and proven Pervasive Datacenter Architecture (PDx™) solution methodology for scaling digital business and
efficiently managing Data Gravity challenges. Digital Realty's global data center footprint gives customers access to the connected communities that matter to them with 291 facilities in 47 metros across 24
countries on six continents. For more information, please visit
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=2798252370&u=https%3A%2F%2Fwww.digitalrealty.com%2F&a=digitalrealty.com" rel="nofollow">digitalrealty.com</a> or follow us on
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=3840927735&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fdigitalrealty%2Fmycompany%2F&a=LinkedIn" rel="nofollow">LinkedIn</a> and
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=530175464&u=https%3A%2F%2Ftwitter.com%2Fdigitalrealty&a=Twitter" rel="nofollow">Twitter</a>.
</p>
<p>
<b>About Brookfield Infrastructure<br></b>Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors
across North and South America, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its
portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.
Further information is available at
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=691142759&u=https%3A%2F%2Fcan01.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.brookfield.com%252Finfrastructure%26data%3D04%257C01%257Csebastien.bouchard%2540brookfield.com%257C7f6ae047289049cd544a08d974a031b0%257Cdaf884b0be164f2a8bbbdc6099a56844%257C0%257C0%257C637669053694827953%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C1000%26sdata%3D6V03ibElc%252FCyljoiwBWfaTuETox2hvAQB1QR2c1a0Kc%253D%26reserved%3D0&a=www.brookfield.com%2Finfrastructure" rel="nofollow">www.brookfield.com/infrastructure</a>.
</p>
<p>Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with over US$625 billion of assets under management. For more
information, go to
<a target="_blank" href="https://c212.net/c/link/?t=0&l=en&o=3300591-1&h=3314408593&u=https%3A%2F%2Fcan01.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.brookfield.com%252F%26data%3D04%257C01%257Csebastien.bouchard%2540brookfield.com%257C7f6ae047289049cd544a08d974a031b0%257Cdaf884b0be164f2a8bbbdc6099a56844%257C0%257C0%257C637669053694837952%257CUnknown%257CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%253D%257C1000%26sdata%3DB5lNRxeEhXQZGpRgNryd0fdBwcNAvAdS%252FvrhDM4VNic%253D%26reserved%3D0&a=www.brookfield.com" rel="nofollow">www.brookfield.com</a>.
</p>
<p>
<b>For Additional Information</b>
</p>
<p>
<b>Media Contacts<br></b>Helen Bleasdale<br>Digital Realty<br>+44 7500 044027<br><a target="_blank" href="mailto:hcbleasdale@digitalrealty.com" rel="nofollow">hcbleasdale@digitalrealty.com</a>
</p>
<p>Sebastien Bouchard<br>Brookfield<br>+1 (416) 943-7937<br><a target="_blank" href="mailto:sebastien.bouchard@brookfield.com" rel="nofollow">sebastien.bouchard@brookfield.com</a></p>
<p>Shveta Singh<br>Brookfield<br>+91 9004287034 (Mumbai)<br><a target="_blank" href="mailto:shveta.singh@brookfield.com" rel="nofollow">shveta.singh@brookfield.com</a></p>
<p>
<b>Investor Relations<br></b>John Stewart/ Jim Huseby<br>Digital Realty<br>+1 (415) 738-6500<br><u><a target="_blank" href="mailto:jstewart@digitalrealty.com" rel="nofollow">InvestorRelations@digitalrealty.com</a></u>
</p>
<p>Kathe White<br>Brookfield<br>+1 (416) 956-5183<br><a target="_blank" href="mailto:kate.white@brookfield.com" rel="nofollow">kate.white@brookfield.com</a></p>
<p>
<b>Safe Harbor Statement<br></b>This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual
outcomes and results to differ materially, including statements related to our joint venture with Brookfield, the Indian market opportunity, expectations regarding the joint venture's development plans and operations in
India, expectations regarding IT load capacity of the operations of the BAM Digital Realty joint venture, expected growth in digital transformation, sustainability programs and goals, and deployment and benefits of
PlatformDIGITAL®. Our forward-looking statements are generally identified with words such as "will", "believe", "expect", "intend" and similar expressions. For a list and description of such risks and
uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
</p>
<p> </p>
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<img title="Cision" width="12" height="12" alt="Cision" src="https://c212.net/c/img/favicon.png?sn=LA16860&sd=2021-09-23"> View original
content:<a id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/digital-realty-announces-the-closing-of-its-joint-venture-in-india-301383614.html" target="_blank">https://www.prnewswire.com/news-releases/digital-realty-announces-the-closing-of-its-joint-venture-in-india-301383614.html</a>
</p>
<p>SOURCE Digital Realty</p>
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<a class="subanchor___2-iz7" href="https://www.digitalrealty.com/about/why-digital-realty">Why
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View all news
DIGITAL REALTY ANNOUNCES THE CLOSING OF ITS JOINT VENTURE IN INDIA
September 23, 2021
Download this Press Release PDF Format (opens in new window) PDF
AUSTIN, Texas, Sept. 23, 2021 /PRNewswire/ -- Digital Realty (NYSE: DLR), the
largest global provider of cloud- and carrier-neutral data center, colocation
and interconnection solutions, announced today that BAM Digital Realty – its
Indian joint venture with Brookfield Infrastructure L.P. (TSX: BIP.UN; NYSE:
BIP) and its institutional partners ("Brookfield Infrastructure") – has received
all requisite regulatory approvals and the parties have closed the joint venture
previously announced on July 14, 2021.
The joint venture enables the expansion of PlatformDIGITAL®, Digital Realty's
global data center platform, which supports the evolving data, control and
networking demands of global service providers as well as global and local
enterprises. Its expansion across India is expected to enable customers to
rapidly scale digital transformation by deploying critical infrastructure with a
leading global data center provider at the heart of a growing connected data
community in India. Data centers developed in India will leverage Digital
Realty's industry-leading energy-efficient data center design and operating
procedures and highly repeatable Pervasive Data Center Architecture
(PDx™) approach for the new digital workplace.
In addition, Seema Ambastha has been appointed CEO of the joint venture.
Ambastha joins BAM Digital Realty from NTT Netmagic where she held the position
of Senior Executive Vice President, India Sales and Solution Engineering. Prior
to that, she worked for Netmagic IT Services, Rolta, VMware, Oracle and Wipro
Infotech. She has a strong academic background with a PhD in Computer Science
as well as rich experience across diverse IT disciplines spanning more than
three decades.
"We are extremely pleased that Seema has joined BAM Digital Realty at such an
exciting time in the industry," said Mark Smith, Managing Director, APAC for
Digital Realty. "She brings over 20 years of strong business leadership skills
across various roles in the industry. Not only will we have a fantastic global
legacy to build upon, but we have a tremendous opportunity as well. With a
population of over 1.4 billion, India is the world's fifth-largest economy in
terms of GDP, with a rapidly emerging data center market and accelerating
adoption of digital business models."
To support the expected rapid growth opportunity for data centers in India, BAM
Digital Realty has also recently filled multiple senior leadership positions, in
the fields of Design & Construction as well as Business Development.
"With Seema's appointment and the formal closing of the joint venture, we look
forward to advancing several key strategic priorities for BAM Digital Realty and
bringing together our collective capabilities to deliver a truly differentiated
solution for our customers," said Arpit Agrawal, Managing Director and Head of
India & Middle East, Brookfield Infrastructure. "The joint venture expands
Brookfield Infrastructure's significant global data infrastructure portfolio,
which currently includes $23 billion in assets across data transmission,
distribution, and storage, including a portfolio of 139,000 operational telecom
wireless towers in India, which it intends to expand to 175,000 over the near
term. We are excited about what the Indian market has to offer and hope to
contribute meaningfully to India's digital ecosystem."
Additional Resources
* Digital Realty and Brookfield Infrastructure to establish joint venture to
develop and operate data centers on PlatformDIGITAL® in India
* Digital Realty and Brookfield close Ascenty joint venture in Latin America
* Explore global deployment opportunities on PlatformDIGITAL®
* Visit the Data Gravity Insights Hub to learn more about data gravity and see
growth forecasts in the Data Gravity Index DGx™
* Read about our open interconnection manifesto for enabling connected data
communities
About Digital Realty
Digital Realty supports the world's leading enterprises and service providers by
delivering the full spectrum of data center, colocation, and interconnection
solutions. PlatformDIGITAL®, the company's global data center platform,
provides customers a trusted foundation and proven Pervasive Datacenter
Architecture (PDx™) solution methodology for scaling digital business and
efficiently managing Data Gravity challenges. Digital Realty's global data
center footprint gives customers access to the connected communities that matter
to them with 291 facilities in 47 metros across 24 countries on six continents.
For more information, please visit digitalrealty.com or follow us on
LinkedIn and Twitter.
About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns
and operates high-quality, long-life assets in the utilities, transport,
midstream and data sectors across North and South America, Asia Pacific and
Europe. We are focused on assets that have contracted and regulated revenues
that generate predictable and stable cash flows. Investors can access its
portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP;
TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure
Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is
available at www.brookfield.com/infrastructure.
Brookfield Infrastructure Partners is the flagship listed infrastructure company
of Brookfield Asset Management, a global alternative asset manager with over
US$625 billion of assets under management. For more information, go to
www.brookfield.com.
For Additional Information
Media Contacts
Helen Bleasdale
Digital Realty
+44 7500 044027
hcbleasdale@digitalrealty.com
Sebastien Bouchard
Brookfield
+1 (416) 943-7937
sebastien.bouchard@brookfield.com
Shveta Singh
Brookfield
+91 9004287034 (Mumbai)
shveta.singh@brookfield.com
Investor Relations
John Stewart/ Jim Huseby
Digital Realty
+1 (415) 738-6500
InvestorRelations@digitalrealty.com
Kathe White
Brookfield
+1 (416) 956-5183
kate.white@brookfield.com
Safe Harbor Statement
This press release contains forward-looking statements which are based on
current expectations, forecasts and assumptions that involve risks and
uncertainties that could cause actual outcomes and results to differ materially,
including statements related to our joint venture with Brookfield, the Indian
market opportunity, expectations regarding the joint venture's development plans
and operations in India, expectations regarding IT load capacity of the
operations of the BAM Digital Realty joint venture, expected growth in digital
transformation, sustainability programs and goals, and deployment and benefits
of PlatformDIGITAL®. Our forward-looking statements are generally identified
with words such as "will", "believe", "expect", "intend" and similar
expressions. For a list and description of such risks and uncertainties, see
the reports and other filings by the company with the U.S. Securities and
Exchange Commission. The company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
View original
content:https://www.prnewswire.com/news-releases/digital-realty-announces-the-closing-of-its-joint-venture-in-india-301383614.html
SOURCE Digital Realty
Categories: Press Releases
View all news
CONTACT IR
JOHN STEWART
Senior Vice President, Investor Relations
( 415 ) 848-9311
jstewart@digitalrealty.com
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC
6201 15th Avenue Brooklyn, NY 11219
( 800 ) 937-5449
www.amstock.com
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