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.
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SOURCE Digital Realty