DigitalBridge signs MoU with KT to develop AI data centers in Korea

DigitalBridge (DBRG) Group announced it has signed a Memorandum of Understanding, or MOU, with KT Corporation, or KT, one of Korea’s leading telecommunications providers, to collaborate on the development of next-generation AI data centers in Korea. This marks DigitalBridge’s first collaboration with a major Korean telecommunications company. Under the agreement, KT and DigitalBridge will explore developing large-scale AI and cloud infrastructure in Korea, including AI factory-type data centers that could scale up to gigawatt facilities, requiring up to multi-billion-dollar investments. DigitalBridge manages approximately $108B in digital infrastructure assets globally as of September and has built one of the world’s most comprehensive digital investment platforms spanning data centers, fiber, towers and edge infrastructure. The collaboration with KT expands DigitalBridge’s regional footprint following the recent close of DigitalBridge Partners III, the firm’s third value-add fund, which secured $11.7B in total commitments to the fund’s strategy, including $4.5B in LP co-investment commitments. Asia, particularly developed markets including South Korea, will be a key focus area for deployment under this fund vintage.