SG data centre provider Digital Edge acquires Indonesian IT firm Indonet for $165m

Jakarta cityscape around Jalan Thamrin. Photo: AsianDream/Getty Images

Singapore-based data centre provider Digital Edge has acquired a controlling stake in Indonesian digital infrastructure service provider Indonet for $165 million, per an announcement.

The acquisition has been routed through Digital Edge’s Hong Kong subsidiary and it will enable the newly-established company in the city-state to develop sophisticated solutions for cloud, and financial service customers.

Indonet is a fully licensed facilities-based carrier that owns significant self-built fiber assets in Jakarta and offers a full suite of Internet connectivity, local loop, cloud access, and co-location services.

Through one of its subsidiaries, Indonet recently commissioned the EDGE1 data centre with 1,500 cabs at Jalan Kuningan Barat, the most carrier dense area in Jakarta, bringing a much-needed capacity to this strategic location.

“This strategic partnership marks our initial entry into South East Asia. It enables Digital Edge to meet the pressing needs of new customers wanting to deploy into Indonesia, and also to offer Indonesian firms a strong regional platform to expand outside of the country,” said Digital Edge CEO Samuel Lee.

Established in August 2020 by New York-headquartered private equity firm Stonepeak Infrastructure Partners and a group of investors with a collective commitment of $1 billion in equity capital, the Digital Edge platform focuses on acquiring and developing carrier-neutral data centres and related digital infrastructure assets in the Asia Pacific region.

The company says its platform aims to deliver innovative data centre and interconnect solutions to make customer deployments easy in complex, evolving environments.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.