ACQUIRING A MAJOR STAKE
Digital Edge Ltd., has just expanded its data center portfolio to include Indonesia through a $165 million investment in PT Indointernet Tbk (Indonet), a digital infrastructure provider based in Indonesia.
For this transaction, Digital Edge is backed by Stonepeak Infrastructure Partners and with the closing of this transaction, Digital Edge has possessed a controlling interest in Indonet to become the largest single shareholder in Indonet.
“This strategic partnership marks our initial entry into South East Asia. It enables Digital Edge to meet the pressing needs of new customers wanting to deploy into Indonesia, and also to offer Indonesian firms a strong regional platform to expand outside of the country,” said Samuel Lee, Chief Executive Officer of Digital Edge.
”Pak Toto and the Indonet team have done a fantastic job in building a diverse and innovative business. With our good standing relationship with Pak Toto and his team, Indonet is a natural fit for Digital Edge and we are extremely pleased with this partnership.”
Indonet is a multi-connectivity solution, data center, and cloud services provider, owning fiber assets in the Jakarta metro area and offering a suite of internet connectivity, local loop, cloud access, and co-location services. Through one of its subsidiaries, Indonet recently commissioned the EDGE1 carrier-neutral data center in Jakarta region.
“The Digital Edge team understands the culture and complexities of operating in Indonesia. I am excited about this partnership given Digital Edge’s unique combination of technical knowledge on data center design, relationship with regional and global customers, and access to capital. Together with Digital Edge, Indonet is best placed to capitalize on the market growth of Indonesia. In fact, we are already looking at the next round of expansion projects,” said Toto Sugiri, Founder and Chairman of Indonet.
Digital Edge intends to leverage Indonet’s suite of telecom licenses, extensive dark fiber assets, network services and central location of its EDGE1 data center to develop advanced solutions for its interconnect-focused customers, which include network, cloud, and financial service customers.