BDx Indonesia to Acquire Indosat Data Centre Portfolio for $170M

BDx Indonesia on Tuesday announced plans to acquire the data centre portfolio of Jakarta-based Indosat Ooredoo Hutchison for IDR 2.63 billion ($170 million).

The portfolio of carrier-neutral co-location and edge facilities includes 10 strategic sites linked to six domestic and five international subsea cables, according to BDx Indonesia, which formed in 2022 as a $300 million partnership of Singapore-based Big Data Exchange, Indosat and local IT firm Lintasarta.

Three domestic banks are providing debt for the deal, which upon completion will raise the platform’s IT capacity to more than 150 megawatts across 10 operating co-location data centres in major cities, a 15MW facility under construction near Jakarta, a 100MW hyperscale campus planned in East Jakarta and carrier-neutral edge sites in all the main islands.

“This acquisition is a testament to BDx Indonesia’s commitment to the country’s digital future,” BDx CEO Mayank Srivastava said in a release. “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 centre and edge sites to us.”

Tech Empowerment

Indosat described the transaction as part of the firm’s evolution from a telecom to a tech company.

“Collaborating with BDx Indonesia not only enhances our customer service but also reinforces our commitment to connecting and empowering every Indonesian,” said Vikram Sinha, president director and CEO of Indosat, which is backed by Li Ka-shing’s CK Hutchison conglomerate and the governments of Indonesia and Qatar.

BDx announced its 100MW hyperscale campus in November 2022 as the operator’s fifth server-hosting facility in and around Jakarta and the first greenfield project for BDx Indonesia.

Dubbed CGK5, the complex will occupy 12 acres (4.9 hectares) of land acquired from developer Suryacipta at the Suryacipta City of Industry estate, about 70 kilometres (43.5 miles) east of central Jakarta.

Expansion Outperforms

BDx Indonesia’s robust expansion puts it ahead of schedule in the fast-growing market, where its goal at launch was to have 70MW of capacity by the end of 2023.

With more than $1 billion in committed equity capital, BDx has grown its portfolio to include data centre projects in Hong Kong, Guangzhou, Nanjing and Singapore, as well as Indonesia.

The portfolio company of US private equity firm I Squared Capital was launched in 2018 and spun off from Hong Kong’s HGC (formerly Hutchison Global Communications) in 2020.