State-owned Telkom Indonesia’s (IDX: TLKM) tower business unit PT Dayamitra Telekomunikasi (Mitratel) said it plans to raise up to 24 trillion rupiahs (US$1.68 billion) in an initial public offering (IPO). Telkom CEO Ririek Ardiansyah told a parliament committee the operator is planning to sell a stake of 29.85% or 24.54 billion shares at a price range of 775 rupiahs to 9...

DigitalBridge Group, Inc. (NYSE: DBRG) said the International Finance Corporation (IFC) will be investing US$100 million in digital infrastructure assets managed by DigitalBridge in Brazil, Indonesia and Malaysia to expand digital access and connectivity. IFC’s $100 million investment includes $75 million already committed in three of DigitalBridge’s portfolio companies...

Indonesia is to become home to one of the largest data centre infrastructures in the world in an investment that could reach as much as US$6-10 billion at full build. The data park has been announced by Indonesian wireless network operator PT Smartfren Telecom Tbk (IDX: FREN) and Abu Dhabi artificial intelligence (AI) and cloud computing company Group 42 (G42) who have ente...