The mobile operator held negotiations with investors.
In light of the rising demand for digital infrastructure assets, PT Telkom Indonesia, the state-owned telecom operator in Indonesia, is considering luring investors to its data center sector.
The powerhouse of Indonesian telecoms has had preliminary discussions with prospective investors and may demand an evaluation of more than $1 billion.
Global funds are interested in investing in digital assets in Southeast Asia.
The company has not yet made a final decision on whether it will seek investors or carry out an initial public offering for its data center activities, according to CEO Rirek Adriansä. “Discussions are at a very early level and may not result in any transactions,” he said.
Increasing demand for e-commerce and financial technology services in Southeast Asia has attracted the attention of international investment funds to the region’s digital infrastructure assets.
Telkom, which has a market value of around $28 billion, is reorganizing and generating revenue from a variety of its assets, including satellites, digital content, and mobile broadband.