Singapore-based data centre provider Digital Edge has acquired a controlling stake in Indonesian digital infrastructure service provider Indonet for $165 million, per an announcement.
The acquisition has been routed through Digital Edge’s Hong Kong subsidiary and it will enable the newly-established company in the city-state to develop sophisticated solutions for cloud, and financial service customers.
Indonet is a fully licensed facilities-based carrier that owns significant self-built fiber assets in Jakarta and offers a full suite of Internet connectivity, local loop, cloud access, and co-location services.
Through one of its subsidiaries, Indonet recently commissioned the EDGE1 data centre with 1,500 cabs at Jalan Kuningan Barat, the most carrier dense area in Jakarta, bringing a much-needed capacity to this strategic location.
“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 Digital Edge CEO Samuel Lee.
Established in August 2020 by New York-headquartered private equity firm Stonepeak Infrastructure Partners and a group of investors with a collective commitment of $1 billion in equity capital, the Digital Edge platform focuses on acquiring and developing carrier-neutral data centres and related digital infrastructure assets in the Asia Pacific region.
The company says its platform aims to deliver innovative data centre and interconnect solutions to make customer deployments easy in complex, evolving environments.