Digital Edge Singapore Holdings’ wholly-owned subsidiary, Digital Edge (Hong Kong) Ltd., has acquired a controlling interest in one of the leading digital infrastructure service providers in Indonesia, PT Indointernet Tbk (Indonet). Digital Edge, which is backed by Stonepeak Infrastructure Partners, aims to transform the enterprise technology landscape by building and operating state-of-the-art, energy-efficient, connectivity-rich data centers. By virtue of its USD 165 million investment, Digital Edge will be the single largest shareholder in Indonet.
Indonet is a fully licensed facilities-based carrier that owns significant self-built fiber assets in the Jakarta metro area and offers a full suite of Internet connectivity, local loop, cloud access, and co-location services. Indonet, through one of its subsidiaries, recently commissioned the EDGE1 data center with 1,500 cabs at Jalan Kuningan Barat, the most carrier dense area in Jakarta, bringing much-needed capacity to this strategic location. EDGE1 is designed and built with the latest technology and can fully support customer High Power Density deployment.
According to Structure Research, Jakarta’s colocation market is expected to reach USD 625 million by 2025, growing at a CAGR of 23.7% between 2021 and 2025. The combination of Indonesia’s rapidly growing digital economy, accelerating enterprise cloud adoption and the proliferation of start-up companies, is driving this demand for colocation and new data centers.
(Source: Digital Edge)