DigitalBridge Group's plans to sell its Southeast Asian tower assets have reportedly stalled.
Bloomberg has reported that the potential sale of EdgePoint Infrastructure to I Squared Capital has paused over a disagreement on the valuation of the assets.
Singapore-based EdgePoint Infrastructure is DigitalBridge's Southeast Asian telecom tower operator.
A deal could still be carved out further down the line, though DigitalBridge is currently evaluating its options. Sources told Bloomberg that DigitalBridge could pursue a partial sale of the unit instead of a full sale.
It was reported back in February that I Squared Capital was in discussions with DigitalBridge over a deal.
The assets cover towers in Indonesia, Malaysia, and the Philippines. DigitalBridge wants around $4 billion for the assets, with Indonesian assets set to be valued at around half of that figure. The company has more than 10,000 towers in the country.
Indosat Ooredoo Hutchison (IOH) previously sold 4,200 towers to EdgePoint Infrastructure back in 2021 for $750 million.
EdgePoint operates around 15,000 telecom towers across Indonesia, Malaysia, and the Philippines. Other backers in the company include the Abu Dhabi Investment Authority.
