BDx’s Joint Venture with PT Indosat Tbk PT Aplikanusa Lintasarta and SMT

King & Wood Mallesons advised Big Data Exchange (BDx) on the CSPA and joint venture agreement.

Big Data Exchange (BDx), a leading data center solutions provider in Asia Pacific, has inked a conditional sale and purchase agreement of shares (CSPA) and joint venture agreement, together with a series of commercial and operational agreements, with PT Indosat Tbk (Indosat Ooredoo Hutchison or IOH), PT Aplikanusa Lintasarta, and PT Starone Mitra Telekomunikasi (SMT).

This would be one of the largest foreign investments in the data center sector in Indonesia, carrying an estimated enterprise value of US $300M effective upon completion of the CSPA, and marks BDx’s entry into the Indonesian data center market

Through this strategic agreement, BDx will collaborate with IOH and Lintasarta to establish a new trailblazing data center and cloud-focused operation in Indonesia. The joint venture is being formed to meet Indonesia’s growing need for a higher level of global data center facilities and will deliver a comprehensive portfolio of the most advanced innovative solutions to enable digital transformation. This marquee company will focus on multiple industries, including financial services, hyperscalers, telecom operators and government organizations.

BDx is a leading data centre, colocation and hybrid cloud solutions provider in Asia-Pacific which is owned by global private equity giant I Squared Capital.

PT Indosat Tbk, trading as Indosat Ooredoo Hutchison, is a telecommunications provider in Indonesia which is owned by Ooredoo Hutchison Asia, a joint venture between Ooredoo and Hutchison Asia Telecom Group (a part of CK Hutchison Holdings) since 2022. 

PT Aplikanusa Lintasarta full service provider of data communications, internet and IT Services for all industry segments, including finance, resources, media and communications, manufacturing, services, trading / distribution, and transportation.

PT Starone Mitra Telekomunikasi (SMT) is a subsidiary of PT Indosat Tbk.

The KWM team was led by Jake Robson (Picture) and included Partners Nick Davies, Greg Protektor, Patrick Gunning and Francesca Giorlando as well as Senior Associates Azlan Mohamed Noh, Charles Davies and Solicitor Andrea Shan.

Involved fees earner: Nick Davies – King & Wood Mallesons; Charles Davies – King & Wood Mallesons; Francesca Giorlando – King & Wood Mallesons; Patrick Gunning – King & Wood Mallesons; Azlan Mohamed Noh – King & Wood Mallesons; Greg Protektor – King & Wood Mallesons; Jake Robson – King & Wood Mallesons;

Law Firms: King & Wood Mallesons;

Clients: Big Data Exchange (BDx);

Sonia Carcano

Author: Sonia Carcano