IOH strikes $170m deal for data centres

IOH strikes $170m deal for data centres

Indosat Ooredoo Hutchison (IOH) announced it agreed a deal to sell its portfolio of data centres and edge sites to BDx Indonesia a joint venture between IOH, BDx Data Centers, and Lintasarta for IDR2.6 billion (US$170m) 

BDx Indonesia is a partnership between IOH, BDx Data Centers (BDx), and Lintasarta. Some of the sites are located in the following cities: Jakarta, Surabaya, Batam, Medan, Makassar, Bandung, and Semarang, including ten strategic sites connected to six domestic and five international subsea cables. 

Indonesian banks – BCA, Bank Permata, and Bank Bukopin will loan the cash to BDx Indonesia for the acquisition. FTI Capital Advisors acted as the financial advisor to Indosat in this transaction. 

IOH noted the new portfolio will enhance its ecosystem by enabling interconnection between enterprises and several cloud providers, content delivery networks and digital finance companies over Internet Exchanges (IXs), cloud onramps, and private interconnects involving multiple telco providers leading to distributed digitalisation enablement across Indonesia. 

After the transaction, BDx Indonesia will have a total IT capacity of 150MW+ in Indonesia across ten operating carrier-neutral colocation facilities in all major cities.

IOH President Director and CEO Vikram Sinha said: “We're honoured 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.” 

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