FTI Capital Advisors Supported Indosat Ooredoo Hutchison in First Edge Data Center Transaction in Southeast Asia
Singapore, 12 January 2024 — FTI Consulting, Inc. (NYSE: FCN) today announced that FTI Consulting Capital Advisors (Singapore) Pte. Ltd., the Singapore subsidiary of its wholly owned investment banking unit, FTI Capital Advisors (“FTICA”), acted as the financial advisor to Indosat Ooredoo Hutchison (“Indosat”) in the sale of a strategic portfolio of carrier-neutral colocation and edge sites in major cities across Indonesia, including Jakarta, Surabaya, Batam, Medan, Makassar, Bandung and Semarang, along with 10 strategic sites linked to domestic and international subsea cables, to PT Starone Telekomunikasi (“BDx Indonesia”) for IDR2,625 billion.
BDx Indonesia secured debt financing from BCA, Bank Permata and Bank Bukopin to fund the transaction. While optimizing its capital structure, this financial backing also reinforces BDx’s partnership with Indosat, affirming their joint commitment to establishing Indonesia’s premier data center operation to support the government’s Digital Roadmap and digital infrastructure objectives. Post-transaction, BDx Indonesia will have more than 150 megawatts of IT capacity across 10 colocation facilities in major cities, a new 15-megawatt facility near Jakarta, a 100-megawatt hyperscaler campus in East Jakarta and carrier-neutral edge sites across Indonesia, promoting widespread digitization.
Fede Membrillera, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA’s Telecom, Media & Technology practice, commented, “We are delighted to have played a pivotal role in advising on this significant transaction that contributes to shaping Indonesia’s digital future. This highlights Indosat’s commitment to cultivating a sustainable business model and driving its transformation from a telco company to a technology company.”
About FTI Capital Advisors
FTI Capital Advisors (“FTICA”) is a global boutique investment bank with 11 offices worldwide, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors – including Telecom Media and Technology, as well as in the energy, healthcare, aviation & aerospace and industrial sectors. Backed by the power of FTI Consulting’s worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).
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Source: FTI Consulting, Inc.
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