What is the total amount of cost cuts that Colony Capital has achieved through the first half of 2020? 
 networks are operated, and most importantly, what our customers are asking networks to do. Next page. At Colony, our perspective is that networks of tomorrow are converged networks. And this is really our vision for 5G. We believe our value-add and differentiation is delivering for customers, next generation mobile and internet connectivity solutions.
As we think about historically, how the sector has ultimately presented itself and most importantly, you as an institutional investor have invested is in traditional silos, and by the way, very successful companies. Traditional macro sites with American Tower and Crown, Data Centers with Digital Realty and Equinix, Small Cells with Crown Castle, Fiber Optic Cabling with CenturyLink, and previously, Zayo is a publicly traded company. But the key there is each of those businesses were in their silos, building out 3G and 4G coverage, and densification. We believe that networks are changing. And we believe that you can no longer be specifically siloed in just one of those verticals. We believe our customers today require significant amount of Capex spend across all of these verticals, to deliver the customer experience that most of all you the consumer want. We're building our business around these next generation networks. It's a differentiated vision. It's not the vision of the past, but based on our 25 years of experience, working with customers, building infrastructure, and being at the forefront of mobile and network connectivity.
We believe Colony Capital is the right place to be for digital infrastructure investors. Next Page please. Look, that's my quick tour of the digital landscape today. And we'll be having this dialogue in the coming quarters as I continue to share my views around network topology, our customers, and where digital infrastructure is going. Next, I want to talk a little bit about Colony today. And most importantly, talk about the tangible results that you're seeing in our business transformation. As you get to know me, you'll realize execution and delivery are two of my favorite words. We are focused on delivering for our customers, and most importantly for your shareholders. It's been a busy quarter and I want to walk you through some of our accomplishments. Next page, please on page 12. Simply put, as I've talked to some of our investors over the last couple of quarters, promises made promises kept. Let me walk you through some of our accomplishments.
First and foremost, as I told most of you, when I first came to the company last December in the fourth quarter, my highest priority was going to be putting our liquidity to bed. And we did that. We amended our revolver, we priced a brand new convert offering, and we've dealt with our corporate liabilities. Second, I told you that we would deploy capital into high quality digital infrastructure. And we've done that. We've closed seven transactions in the first half of this year, deploying $20 billion of capital, and recently announced a deal with Wafra that gives us more firepower to continue to bring digital assets onto our balance sheet. Third, we talked about our sharp focus on cost cuts in the fourth quarter last year. We remain committed to that. We delivered $35 million in cost cuts last year. We signed up for another $40 million this year. And we've achieved $38 million in cost cuts through the first half of this year. To be clear, we will beat our targets for 2020.
Fourth, building a best-in-class management team is mission number one. We've continued to add to the growth segments of our businesses, most notably on the digital credit side, and we're very excited about the opportunities that exists in that space, and other tangential digital investment spaces. Finally, number five, super important. We're continuing to grow our digital line business rapidly. We committed a 15% annual growth and we're already at 22% year to-date. And we're not stopping there. My expectation is will be over 30% growth by the end of the year. This is a target that I want and expect and continue to be. Next page ple
 networks are operated, and most importantly, what our customers are asking networks to do. Next page. At Colony, our perspective is that networks of tomorrow are converged networks. And this is really our vision for 5G. We believe our value-add and differentiation is delivering for customers, next generation mobile and internet connectivity solutions.
As we think about historically, how the sector has ultimately presented itself and most importantly, you as an institutional investor have invested is in traditional silos, and by the way, very successful companies. Traditional macro sites with American Tower and Crown, Data Centers with Digital Realty and Equinix, Small Cells with Crown Castle, Fiber Optic Cabling with CenturyLink, and previously, Zayo is a publicly traded company. But the key there is each of those businesses were in their silos, building out 3G and 4G coverage, and densification. We believe that networks are changing. And we believe that you can no longer be specifically siloed in just one of those verticals. We believe our customers today require significant amount of Capex spend across all of these verticals, to deliver the customer experience that most of all you the consumer want. We're building our business around these next generation networks. It's a differentiated vision. It's not the vision of the past, but based on our 25 years of experience, working with customers, building infrastructure, and being at the forefront of mobile and network connectivity.
We believe Colony Capital is the right place to be for digital infrastructure investors. Next Page please. Look, that's my quick tour of the digital landscape today. And we'll be having this dialogue in the coming quarters as I continue to share my views around network topology, our customers, and where digital infrastructure is going. Next, I want to talk a little bit about Colony today. And most importantly, talk about the tangible results that you're seeing in our business transformation. As you get to know me, you'll realize execution and delivery are two of my favorite words. We are focused on delivering for our customers, and most importantly for your shareholders. It's been a busy quarter and I want to walk you through some of our accomplishments. Next page, please on page 12. Simply put, as I've talked to some of our investors over the last couple of quarters, promises made promises kept. Let me walk you through some of our accomplishments.
 First and foremost, as I told most of you, when I first came to the company last December in the fourth quarter, my highest priority was going to be putting our liquidity to bed. And we did that. We amended our revolver, we priced a brand new convert offering, and we've dealt with our corporate liabilities. Second, I told you that we would deploy capital into high quality digital infrastructure. And we've done that. We've closed seven transactions in the first half of this year, deploying $20 billion of capital, and recently announced a deal with Wafra that gives us more firepower to continue to bring digital assets onto our balance sheet. Third, we talked about our sharp focus on cost cuts in the fourth quarter last year. We remain committed to that. We delivered $35 million in cost cuts last year. We signed up for another $40 million this year. And we've achieved $38 million in cost cuts through the first half of this year. To be clear, we will beat our targets for 2020.
Fourth, building a best-in-class management team is mission number one. We've continued to add to the growth segments of our businesses, most notably on the digital credit side, and we're very excited about the opportunities that exists in that space, and other tangential digital investment spaces. Finally, number five, super important. We're continuing to grow our digital line business rapidly. We committed a 15% annual growth and we're already at 22% year to-date. And we're not stopping there. My expectation is will be over 30% growth by the end of the year. This is a target that I want and expect and continue to be. Next page ple