Asia Pacific data center solutions provider, Big Data Exchange (BDx), has announced its plan to expand into Indonesia through the signing of several investment agreements including an acquisition and joint venture.

Valued at US$300 million, the investment transactions comprise a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement with PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), PT Aplikanusa Lintasarta, and PT Starone Mitra Telekomunikasi (SMT), followed by a series of commercial and operational agreements.

Upon completion of the sale and purchase transaction, BDx will collaborate with IOH and Lintasarta to establish a new data center and cloud-focused operation in Indonesia, targeting customers from multiple industries, including financial services, hyperscalers, telecom operators and government organizations.

“This agreement adds a key Asia-Pacific market to BDx’s expanding data center portfolio. Indonesia’s rapidly growing and sustained demand for connectivity and cloud services continues to drive the need for data center solutions, providing the next strategic step in BDx’s footprint. BDx’s dedication to data center operational excellence and its commitment to sustainability will be reflected throughout every step of this venture,” said Braham Singh, CEO of BDx.

“This partnership will fulfill the critical need for robust, world-class data centers in Indonesia and elevate this data center market while empowering enterprise and hyperscale digital transformation and growth. Indonesia’s digital ambitions align with our ability to deliver transformation and support the market’s needs and projected growth trajectory,” said Mayank Srivastava, Chief Development Officer of BDx.

The joint venture, as well as approvals and completion of the CSPA, is expected to allow BDx customers and hyperscalers in other markets gain easier access to the company’s new Indonesia data centers and infrastructure.

In September 2021, BDx also signed a Memorandum of Understanding (MOU) with the National University of Singapore’s Faculty of Engineering (NUS Engineering), and Sembcorp Marine to explore the feasibility of developing sustainable ocean based data centers.