Data Center Business in Indonesia Gets More Eyes, Singapore Company Takes Over Indonet's Shares

Singapore-based data center provider Digital Edge Holdings added a 47% stake in local IT company Indonet. Digital Edge is now the controlling shareholder in Indonet with 59,1% ownership.

A total of 47% of the shares purchased belonged to Toto Sugiri, Han Arming Hanafia, Bing Moniaga, Marina Budiman, Sanjaya, Halim Soelistio, Augustinus Haryawirasma, and Sudjiwo Husodo. The shares were purchased at a price of IDR 10.495 per share, bringing the total value of this transaction to IDR 1,99 trillion.

Digital Edge Limited is an old shareholder in Indonet with 12,1% ownership.

Indonet President Commissioner Toto Sugiri expressed his high enthusiasm for the arrival of Digital Edge, which has been recognized by the global industry for its experience.

“I welcome this collaboration with great enthusiasm considering Digital Edge has global knowledge of the industry data center, good relationships with regional and global customers, as well as strong access to funding supported by global PE, namely Stonepeak Infrastructure Partners [..],” he quoted from Investor.id.

Going forward, Indonet will continue to carry out expansion projects data center, along with the rapid development of the digital economy in Indonesia. Currently, Indonet is focusing on services that are being developed, namely EDGE Data Center and HyperScale Connex (HSX) to provide seamless multi-connectivity solutions between various providers. data center, as well cloud.

Founded in 1994, Indonet offers a number of services such as data centers, solutions multi-connectivity, and cloud services. The company is also official partners from Alibaba Cloud.

In early February 2021, Indonet took a floor on the IDX and managed to pocket fresh funds of IDR 595,97 billion. As much as 90% of the funds are used for additional capital for its subsidiary, PT Ekagrata Data Gemilang, which is building the Edge Data Center (EDc), and others.

DCI Indonesia

Toto Sugiri is also the President Director and shareholder of DCI Indonesia, a provider company data center local area, collaborated with Anthoni Salim to build the complex hyperscale data center park with a global standard, named H2. This data center is located in Pertiwi Lestari Industrial Park in Karawang, 47 km from Jakarta.

This announcement was reportedly a few days after the entry of businessman and local conglomerate Anthoni Salim who bought DCI Indonesia shares for up to IDR 1 trillion. Anthoni bought these shares personally, not as a group.

“As we reported to regulators, this is a strategic investment. If we look at our shares that Mr. Anthoni Salim bought, it was private, not the Salim Group," said Toto as quoted from Kompas.com, Monday (7/6).

H2 is assumed to be complex data center largest in Southeast Asia with an area of ​​tens of hectares. There will have capacity data center up to hundreds of megawatts (MW) with development to be implemented in several stages.

H2 is designed with international standards using Tier 3 and Tier 4 specifications supported by multiple connectivity fiber optics and two power plants. Not only that, the H2 was built with the concept green data center operated with renewable energy from solar panels farm.

Prior to this collaboration, Anthoni established a partnership with IndoKeppel and invested in CBN.

On Monday (14/6) it was done topping off from the building data center first H2. This building has 10 floors with six floors of which are data rooms with a total capacity of 3 thousand rack, as well as a total power capacity of 15 MW. Construction of this building has started in Q4 2020. Topping off This marks that construction activities are entering the final stage and are expected to be completed in Q4 2021.

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