In a development that gives Indonesia’s digitalisation a significant push, Big Data Exchange (BDx), a leading data centre solutions provider in Asia Pacific, has inked a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement.
This agreement involves a series of commercial and operational agreements, with PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), PT Aplikanusa Lintasarta, and PT Starone Mitra Telekomunikasi (SMT). This would be one of the largest foreign investments in the data centre sector in Indonesia, carrying an estimated enterprise value of US $300M effective upon completion of the CSPA, and marks BDx’s entry into the Indonesian data centre market.
New DC & Cloud in Indonesia
The joint venture is being formed to meet Indonesia’s growing need for a higher level of global data centre facilities and will deliver a comprehensive portfolio of innovative solutions to enable digital transformation. This company will focus on multiple industries, including financial services, hyperscalers, telecom operators and government organisations.
Through this strategic agreement, BDx will collaborate with IOH and Lintasarta to establish a new data centre and cloud-focused operation in Indonesia. Braham Singh, CEO of Bdx said:
“This agreement adds a key Asia-Pacific market to BDx’s expanding data centre portfolio. Indonesia’s rapidly growing and sustained demand for connectivity and cloud services continues to drive the need for data centre solutions, providing the next strategic step in BDx’s footprint. BDx’s dedication to data centre operational excellence and its commitment to sustainability will be reflected throughout every step of this venture.”
Customers in Indonesia will soon gain access to BDx’s existing carrier-neutral network that spans Hong Kong, mainland China and Singapore, as well as its data centre infrastructure and maintenance tools, including 360 degree view. BDx customers and hyperscalers in other markets will to connect to the company’s new Indonesia data centres and infrastructure seamlessly. The BDx platform’s growth strategy is comprised of new expansion projects.
“This partnership will fulfill the critical need for robust, world-class data centres in Indonesia and elevate this data centre market while empowering enterprise and hyperscale digital transformation and growth,” said Mayank Srivastava, Chief Development Officer of BDx. “Indonesia’s digital ambitions align with our ability to deliver transformation and support the market’s needs and projected growth trajectory.”
According to a recent report released by Mordor Intelligence, the Indonesia data centre market was worth $1.67 billion USD in 2021, and it is expected to grow to $3.43 billion by 2027, with a compound annual growth rate of more than 13%.
The joint venture, subject to approvals and completion of the CSPA, was entered into during a signing ceremony held on May 12 in Jakarta, Indonesia.
W.Media’s Annual Indonesia Cloud and Datacenter Convention 2022 will be returning this 19th May 2022 at Shangri-La Jakarta. This mega show is expected to see some of the largest internet service providers, local enterprises, data center operators and investors join us! Do not miss this event!