Indonesian telco PT Indointernet Tbk bought the 6000 sq.m land to build a new data center in South Jakarta.
PT Ekagrata Data Gemilang (EDG), a subsidiary of Indonet acquired two plots of land in Kuningan, South Jakarta. The telco firm bought the 6,000 square meters (64,500 sq ft) from PT Sentragraha Sentosa for Rp. 241.72 billion ($16.6 million). The land will be utilized to build a data center in the capital city of Thailand.
Indonesia’s information and communication services provider, Indonet said
It’s been more than one year of the coronavirus pandemic hit Indonesia and several other countries across the globe. Due to this pandemic, there has been a decline in the real estate market. Because of the decline, people are selling land at prices way below their market value.
And, EDG observes this period as the ideal time to buy the land in the most suitable region at the best price for constructing and for the development of Edge Data Centers.
In February, Indonet launched itself on the Indonesian Stock Exchange. The company will use the IPO proceeds to build the Jakarta data center, as per the statement from the company.
Indonet president and director Djarot Subiantoro said
To support the rapidly growing digital economy in Indonesia, our company will utilize the IPO proceeds, invest in infrastructure and data center equipment and connectivity.
Indonet, established in 1994, is the first private Internet service provider (ISP) in Indonesia. The Indonesian telco company already has two data centers in Jakarta and South Tangerang.
With Tencent’s plans to launch a data center in Jakarta and Microsoft’s plans to develop a facility in Indonesia, Indonesia is constantly observing that companies are taking interest in developing facilities in Indonesia.
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