BDx expands into Indonesia through $300m JV

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 completion of the CSPA, and marks BDx’s entry into the Indonesian data center market.

Through this strategic agreement, BDx will collaborate with IOH and Lintasarta to establish a new trailblazing data center and cloud-focused operation in Indonesia. The joint venture is being formed to meet Indonesia’s growing need for a higher level of global data center facilities and will deliver a co