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Morgan Stanley acquires majority stake in UltraEdge

EditorHari G
Published 11/21/2023, 08:52 AM
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NEW YORK - Morgan Stanley has successfully completed the acquisition of a majority stake in UltraEdge, a data center operator previously part of SFR and Altice France's network. Announced today, the deal marks a strategic move by the investment bank's private infrastructure investment arm, Morgan Stanley Infrastructure Partners, to strengthen its foothold in the digital infrastructure sector.

The transaction will see UltraEdge spun off as a standalone entity while maintaining interconnection with SFR's national fiber optic network. This move is aimed at accelerating infrastructure modernization and enhancing ultra-low latency connectivity services across France. By leveraging Morgan Stanley Infrastructure Partners' expertise and resources, UltraEdge is poised to become a leading-edge service provider within the French digital landscape.

As part of the agreement, 257 fiber-linked data centers will be transferred to UltraEdge, with SFR holding onto the active equipment. This strategic partnership between Morgan Stanley and Altice France underscores the growing importance of robust digital infrastructure and the increasing investment interest in this area.

The acquisition by Morgan Stanley Infrastructure Partners reflects a broader trend of financial institutions recognizing the value and potential of digital infrastructure assets. With this majority stake in UltraEdge, Morgan Stanley is set to play a significant role in shaping the future of data center operations and connectivity solutions in France.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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