January 9, 2024 - Asia-Pacific data center firm BDx is to acquire a portfolio of data centers from Indonesia’s Indosat.
Indosat Ooredoo Hutchison (Indosat) this week announced that BDx Indonesia, a joint venture between Indosat, BDx Data Centers, and Lintasarta, has agreed to acquire a portfolio of carrier-neutral colocation and Edge sites in cities such as Jakarta, Surabaya, Batam, Medan, Makassar, Bandung, and Semarang, including ten sites connected to six domestic and five international subsea cables.
Post-transaction, BDx Indonesia will have a total IT capacity of 150MW+ in Indonesia across ten operating carrier-neutral colocation facilities; a new 15MW facility that is being built near Jakarta with an estimated RFS by Q4 2024; a 100MW hyperscale campus at Suryacipta, East Jakarta; and carrier-neutral Edge sites on all the main islands of Indonesia.
The deal is valued at IDR 2,625 billion ($168m). Three Indonesian banks – BCA, Bank Permata, and Bank Bukopin – are providing debt to BDx Indonesia.
Indosat is an Indonesian telco owned by Qatari telco Ooredoo and Hong Kong investment firm CK Hutchinson. The press image suggests the deal is structured as a sale-leaseback, meaning Indosat will likely remain a customer at the sites for the foreseeable future.
BDx – which is backed by I Squared Capital and operates data centers in mainland China, Hong Kong, and Singapore, first formed a data center joint venture with Indosat Ooredoo and Lintasarta in May 2022.
BDx Indonesia has already expanded and upgraded the four data centers in Jakarta and West Java that were transferred in 2022, and the current portfolio will be expanded and upgraded to global BDx operating standards.
Indosat said most of the sites have “significant expansion potential” in existing buildings and adjacent land parcels, and the Batam site can be developed to cater to spillover demand from Singapore.
Vikram Sinha, president, director, and CEO of Indosat Ooredoo Hutchison, said: “We're honored to play a role in shaping Indonesia's digital future through this impactful collaboration. This transaction underscores our dedication to building a sustainable business and propelling Indosat's evolution from Telco to TechCo. Collaborating with BDx Indonesia not only enhances our customer service but also reinforces our commitment to connecting and empowering every Indonesian. Crucially, aligning our strategic goals will enable Indosat and BDx Indonesia to elevate the nation's technological landscape.”
Mayank Srivastava, BDx CEO, added: “This acquisition is a testament to BDx Indonesia’s commitment to the country’s digital future. It is also an endorsement of the technical and operational capabilities of BDx that provided the confidence to our partner to sell their entire portfolio of data center and Edge sites to us. We are the foremost carrier-neutral data center provider in the country and, with the expanded portfolio, are set to emerge as Indonesia’s preferred partner for digitalization.”
