Jakarta, June 3, 2022 – On June 2, 2022, Indosat Ooredoo Hutchison (IDX: ISAT, “IOH” or “the Company”) announced the completion of a joint venture (JV) agreement with PT Aplikanusa Lintasarta (“Lintasarta”), and BDX Asia Data Center Holdings Pte. Ltd. (“BDx”) to establish an enterprise and hyperscale data center business in Indonesia. Driven by commitment to creating a world-class data center business, addressing the ever-growing demand for global standard data centers in Indonesia. IOH, Lintasarta, and BDx launched a IDR4.4 trillion JV company named PT Starone Mitra Telekomunikasi (“BDx Indonesia”), to scale up BDx Indonesia business, allowing BDx Indonesia to become a leading data center company in Indonesia.
Their investment into the JV, which is one of the largest foreign investments in Indonesia’s data center sector, brings together IOH’s digital telecommunications capabilities, Lintasarta’s award-winning portfolio and extensive experience as ICT players, and BDx’s global, best-in-class data center and connectivity expertise. BDx Indonesia plans to be a top provider of cloud and hyperscale data center services in Indonesia with a IDR9 trillion capital expenditure plan over the next few years. In addition to making various improvements to the existing data centers to increase performance and efficiency, BDx Indonesia has identified sites for greenfield expansion. The combined growth efforts are expected to increase the company’s total IT load in Indonesia from 7 MW to more than 70 MW.
BDx Indonesia is well positioned to become one of the largest data center platforms in Asia and will also lead the way in driving forward sustainable practices within the data center industry in Indonesia. FTI Capital Advisors acted as financial advisor to IOH in this transaction.
Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison, said: “We look forward to working closely together with Lintasarta, and BDx to elevate data center business to the next level by strengthening service offerings, expanding coverage, and ultimately enhancing the customer experience. IOH believes there is a compelling opportunity for our joint venture to grow quickly into a leading player in the country, especially within the underserved hyper-scale market. We put the sustainability business as a priority focus, with higher efficiency and lower power consumption. Our involvement in the successful closing of this agreement marks an important milestone on our journey to becoming the most preferred digital telco in Indonesia.”
Arya Damar, President Director of Lintasarta, said: “We are thrilled to start our collaboration with IOH and BDx as we enter the next stage of our growth journey and work towards implementing international best practices in our portfolio. This partnership will strengthen our position as an industry leader and drive significant progress within the data center sector in Indonesia, putting the nation well and truly on the map as a high-growth market. We look forward to helping to drive our new joint venture forward and put our top priorities –customer satisfaction and data security– at the heart of the business.
Braham Singh, CEO of BDx, commented: “We see enormous demand for data centers with quality infrastructure across Indonesia from both domestic and international companies. We recognized the tremendous opportunities that exist in this key Asia- Pacific market and are delighted to partner with IOH and Lintasarta to bring best-in- class data center and cloud services to Indonesia. With this investment from BDx Indonesia, domestic and international enterprises and hyperscalers will be able to share information even faster, and in a more secure environment. BDx Indonesia not only adds to our portfolio of world-class data centers across Asia-Pacific, but it also brings a quality offering to Indonesia.”