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Indonesia

Indonesia’s Mitratel targets $1.68bn towers IPO

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...

November 11

DigitalBridge, IFC forge $100m digital infrastructure partnership

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...

November 10

Indonesia signs 1GW data centre project with potential $10bn in CAPEX

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...

November 09

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