Telkom Exploring Deals for $1 Billion Data Center Unit, Sources Say
- Indonesian phone carrier has held initial talks with investors
- Global funds keen to invest in Southeast Asian digital assets
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State-owned phone carrier PT Telkom Indonesia is considering introducing investors to its data center business amid increasing interest for digital infrastructure assets, according to people familiar with the matter.
The Jakarta-listed telecom giant has held initial talks with prospective investors and could seek a valuation of more than $1 billion for the operation in a deal, the people said, asking not to be identified because the matter is private. Options under consideration include selling a minority stake in the data center unit, the people said. The company said last year it was planning an initial public offering for the business in 2023.