Equinix and Astra form JV in Indonesia to develop digital infrastructure
By Digital News Asia April 25, 2023
- The joint venture company will have a 75% and 25% equity steak
- It will develop and operate the JK1 IBX in Jakarta's Central Business District
Equinix, a Nasdaq listed digital infrastructure company and Indonesian conglomerate, PT Astra International, announced a joint venture company on 11 April with 75% and 25% equity respectively to develop the digital infrastructure in Indonesia for multinationals and local businesses to accelerate digital transformation.
Jeremy Deutsch, President, Asia-Pacific, Equinix said: “This joint venture with Astra taps into the rising potential of digitalisation. We look forward to working with Astra to unlock new opportunities for Indonesia’s bright digital future."
Indonesia’s national digital transformation program creates a framework for economic development and demand for digital infrastructure as the government targets 30 million micro, small, and medium-sized enterprises (MSMEs) to go digital by 2024.
Djony Bunarto Tjondro, President Director of Astra said: “We hope this joint venture will strengthen Indonesia’s data centre infrastructure and help businesses by providing a comprehensive data centre that is more integrated, modern, easily accessible, and operated with the spirit and principles of sustainability.”
The joint venture will initially develop and operate JK1 IBX, an International Business Exchange data centre in Jakarta's Central Business District and in proximity to major internet exchanges.
The eight-story JK1 IBX data centre is scheduled to open by the second half of 2024 and is expected to provide more than 1,600 cabinets and more than 5,300 square meters of colocation space when fully built. Plans for JK1 were announced by Equinix in October 2022 with a planned investment of US$74 million (RM326.6 million).
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