Data Centers
January 9, 2024 - BDX, an Asia-Pacific data center company, will acquire Indosat's data center portfolio in Indonesia.
BDX Indonesia, a joint venture between Indosat, BDX Data Centers and Lintasarta, announced this week that BDX Indonesia, a joint venture consisting of Indosat, BDX Data Centers and Lintasarta, has agreed to acquire a portfolio of neutral colocation and edge sites, including Jakarta, Surabaya, Batam, Medan (Medan), Makassar, Bandung and Semarang, including 10 stations connected to six domestic and five international submarine cables.
Upon completion of the transaction, BDX Indonesia will have a total of more than 150MW of IT capacity in Indonesia, spread across ten operational neutral colocation facilities;A new 15MW facility under construction near Jakarta is expected to be completed in the fourth quarter of 2024;A 100MW hyperscale campus in East Jakarta;and neutral edge sites located on the main islands of Indonesia.
The value of the deal is IDR 262.5 billion (about 1.).$6.8 billion). Three banks in Indonesia – BCA Bank, Bank Permata and Bank Bukopin – will provide loans to BDX Indonesia.
Indosat is an Indonesian telecommunications company co-owned by Qatari telecommunications company Ooredoo and Hong Kong-based investment firm Ck Hutchinson. According to the news**, the deal is structured as a sale-leaseback, which means that Indosat will likely remain a customer of these sites for the foreseeable future.
BDX is a company backed by i Squared Capital that operates data centers in Chinese mainland, Hong Kong, and Singapore. It first formed a data center joint venture with Indosat Ooredoo and Lintasarta in May 2022.
BDX Indonesia has expanded and upgraded its four data centers in Jakarta and West Java, which were transferred in 2022, and will expand and upgrade its current portfolio to meet BDX's operating standards.
Indosat said most of the sites have "significant expansion potential" on existing buildings and adjacent land, while Batam's site could be developed to meet spillover demand from Singapore.
Vikram Sinha, President, Director and CEO of Indosat Ooredoo Hutchison, said: "We are honored to play a role in shaping Indonesia's digital future through this impactful collaboration. This transaction underscores our commitment to building a sustainable business and driving Indosat's evolution from a telcos to a technology company." Partnering with BDX Indonesia not only enhances our customer service, but also strengthens our commitment to connecting and empowering every Indonesian. Importantly, the alignment of our strategic objectives will enable Indosat and BDX Indonesia to elevate the country's technology landscape. ”
Mayank Srivast**a, CEO of BDX, added: "This acquisition is a testament to BDX Indonesia's commitment to the nation's digital future. It's also a recognition of BDX's technical and operational capabilities, giving our partners the confidence to give us their entire data center and edge site portfolio. We are the foremost carrier-neutral data center provider in the country, and as our portfolio expands, we will be the partner of choice for digitalization in Indonesia." ”
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