KONTAN.CO.ID - SINGAPORE. Indonesia's state-owned communication giant Telkom Indonesia is considering selling a stake in its data centre business and is expected to finish the selling process in the second half of this year. The group is in the process of selecting its financial adviser and considering how much stake to sell, Telkom Senior Vice President of Corporate Communication and Investor Relations Ahmad Reza said. According to two sources with knowledge of the plan, a sale of a minority stake is expected to kick off in March and value Telkom's data centre business at more than $1 billion.
Baca Juga: Oil Steadies After Gains, Gaza Ceasefire Talks in Focus Reza did not comment on the size of the stake, or when the sale would kick off or the valuation, but said monetization of the data centre business was still being discussed and Telkom does not have any specific target. Roping in a global strategic partner or strong financial investors is expected to help Telkom expand its data centre business further, both locally and globally. Telkom, Indonesia's largest telecommunication group, has 28 data centres, which includes 23 at home and five overseas, according to its 2022 annual report. It competes with several companies that have also established data centres such as DCI Indonesia, Princeton DG and NTT Communication, according to the annual report.
