APG Asset Management has teamed up with a wholly-owned subsidiary of the Abu Dhabi Investment Authority and Indonesia Investment Authority to invest in two sections of the Trans Java Toll Road, while BDx Indonesia has acquired Indosat’s entire portfolio of data centre and edge sites for $170 million.
APG, ADIA to invest in two sections of Trans Java Toll Roads
Dutch pension fund manager APG Asset Management has teamed up with a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Indonesia Investment Authority (INA) to invest in two sections of the Trans Java Toll Road, according to a statement on Wednesday.
The parties announced an investment in the Kanci-Pejagan and Pejagan-Pemalang sections, part of Indonesia’s first toll road investment platform targeting up to $2.75 billion of investment opportunities.
The firms did not share the value of their investments and other details on their statement.
“By welcoming APG and ADIA as shareholders, we aim to bolster our capacity to support and advance strategic national development projects, which is anticipated to yield significant economic benefits and propel Indonesia into a future of connectivity and prosperity,” INA CEO Ridha Wirakusumah said in the statement.
The announcement on Wednesday followed a memorandum of understanding signed earlier in May 2021 to establish Indonesia’s first toll road investment platform which was also INA’s first investment vehicle since its establishment.
BDx Indonesia acquires Indosat’s data centre portfolio for $170m
BDx Indonesia, a data centre, colocation, and hybrid cloud solutions provider, has acquired telecommunications provider Indosat’s entire portfolio of data centre and edge sites for $170 million, per a release.
The portfolio includes carrier-neutral colocation and edge sites in key cities such as Jakarta, Surabaya, Batam, Medan, Makassar, Bandung, and Semarang, including 20 strategic sites connected to six domestic and five international subsea cables.
The new portfolio will further add to the interconnected ecosystem BDx Indonesia is building to accelerate hybrid digital transformations and enhance the digital experience of enterprises, technology companies, and Internet users.
Post-transaction, BDx Indonesia will have a total IT capacity of 150MW+ in Indonesia across 10 operating carrier-neutral colocation facilities in all major cities.
“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,” said Vikram Sinha, CEO of Indosat.