Indonesia’s telecom operator PT Telekomunikasi Selular (Telkomsel), is considering selling a majority stake in NeutraDC, its data center arm, through a strategic partnership targeted for completion by end-2026, according to local reports recently.
Telkom Indonesia’s Director of Wholesale and International Service, Budi Satria Dharma Purba, has reportedly said the the process of selecting a strategic partner has entered the binding offer evaluation stage and could involve the sale of a majority stake in NeutraDC. Budi who spoke during an event in Jakarta recently, did not disclose the stake percentage but analysts have tagged it at about 70 per cent.
This would be Telkomsel’s fifth attempt to sell its data center unit. In February, w.media reported that the utility was seeking between US$$1 billion and US$1.5 billion for a majority stake in NeutraDC. The telco was reportedly working with financial advisers for the proposed sale, the report said, citing Bloomberg.
https://w.media/magazines/cd-magazine-july-sept-2026-13/
Budi attributed the proposed divestment decision to the substantial investment requirements of a data center. The utility is seeking a partner who is able to contribute operational capabilities, market access, and relationships with hyperscale customers. This would lessen Telkom’s capital expenditure burden while helping to expedite the expansion of the business.
If the divestment is completed, the proceeds would potentially be used to strengthen Telkom’s balance sheet, for investment, or for additional shareholder returns.
“We will evaluate the use of the transaction proceeds holistically, whether for investment, strengthening the balance sheet, or potentially providing additional shareholder returns,” Budi reportedly said.
In its first-half 2026 report, Telkom said the consolidation of its data center assets under NeutraDC is part of its TLKM 30 transformation strategy to monetise assets and create growth opportunities with strategic partners.