Telkom Indonesia Plans Data Center Stake Sale Valued Up to $1.5 Billion
PT Telkom Indonesia is revisiting its plan to sell a majority stake in NeutraDC, aiming for a valuation between $1 billion and $1.5 billion. The company is currently engaged with financial advisers for the potential sale, although no agreement has been reached yet. Telkom Indonesia's shares have increased by about 30% in the past year, resulting in a market capitalization of $20.3 billion.
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PT Telkom Indonesia is reviving plans to sell a majority stake in its data center business, NeutraDC, seeking a valuation of $1 billion to $1.5 billion. The company is working with financial advisers on this potential sale, but deliberations are ongoing with no certainty of an agreement.
Previously, in 2022, Telkom Indonesia had considered bringing in investors for a minority stake. The company's shares have risen approximately 30% over the last year, leading to a market value of $20.3 billion.
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