Equinix and Astra Form a Joint Venture to Accelerate Digital Transformation

Digital infrastructure company Equinix (Nasdaq: EQIX) and PT Astra International Tbk (IDX: ASII) announced the formation of a joint venture with the aim of developing digital infrastructure to accelerate digital transformation in Indonesia. This joint venture company was formed with 75% equity ownership in Equinix and 25% in Astra.

By combining Equinix's global digital infrastructure expertise and Astra's extensive experience in Indonesia, the joint venture is expected to help both domestic and multinational companies in Indonesia develop their digital capabilities. It can take advantage of new technologies such as hybrid multicloud, 5G, Internet of Things (IoT), artificial intelligence (AI), and more.

In the early stages, the company plans to develop and operate a data center International Business Exchange (IBX) in Jakarta named JK1, then continued with national expansion. The IBX JK1 data center consists of eight floors and is planned to start operating in the second half of 2024.