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Investor confidence is returning to digital infrastructure, but the deals being done in 2025 look very different from just a few years ago.
Control transactions are back, fibre is consolidating fast, and joint ventures are unlocking capital in a higher-cost environment.

Meanwhile, AI’s infrastructure demands continue to surge despite DeepSeek’s disruptive promise, with hyperscalers doubling down on capacity and power constraints becoming a competitive battleground.

How are dealmakers adapting? And where is the smart money heading next?

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