(Feb 16): PT Telkom Indonesia is reviving a plan to sell a stake in its data centre business to tap rising interest in digital infrastructure assets, according to people familiar with the matter.
The Jakarta-listed company is working with financial advisers on a potential sale of a majority holding in NeutraDC, the people said, asking not to be identified because the information is private. Telkom Indonesia is seeking a valuation of US$1 billion ($1.3 billion) to US$1.5 billion for the business, the people said.
Deliberations are ongoing and there’s no certainty of a sale, the people said.
Telkom Indonesia didn’t respond to requests for comment.
Telkom Indonesia had been considering bringing in investors for a minority stake back in 2022, people familiar with the matter said at the time.
NeutraDC has 29 data centres including one hyperscale facility in Jakarta, according to its website.
See also: Macquarie-led group to buy Qube Holdings for US$8.3 bil
Telkom Indonesia’s shares have climbed about 30% over the past 12 months, giving the company a market value of US$20.3 billion.
Uploaded by Magessan Varatharaja
