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Transactions - MAY 12, 2022

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BDx expands into Indonesia through $300m JV

by Andrea Zander

Big Data Exchange (BDx), a data center solutions provider in the Asia Pacific region and a portfolio company of I Squared Capital, has inked a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), PT Aplikanusa Lintasarta, and PT Starone Mitra Telekomunikasi (SMT).

It is considered one of the largest foreign investments in the data center sector in Indonesia, carrying an estimated enterprise value of $300 million effective upon com

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