ST Telemedia Global Data Centres (STT GDC), a data center provider headquartered in Singapore, today announced a joint venture to develop a new data center business in Jakarta, Indonesia with Indonesian diversified conglomerate Triputra Group, and Temasek, a Singaporean sovereign wealth fund, that also wholly-owns STT GDC’s parent company, ST Telemedia.
Data Center Joint Venture – Jakarta, Indonesia
ST Telemedia Global Data Centres (STT GDC), Triputra, and Temasek plan to build their first data center campus in the Greenland International Industrial Centre, located in the township of Kota Deltamas, within the town of Cikarang, in the region Bekasi, Indonesia. Expressed differently, STT GDC’s data center will be located 28 miles (45 kilometers) to the southeast of the Jakarta CBD.
Overall, this new data center campus will support the development of multiple buildings and up to 72 megawatts of power capacity. Specifically, construction of the first phase will commence during 2021 and will be completed by Q1 2023.
ST Telemedia Global Data Centres (STT GDC)
Today’s joint venture announcement marks the entry of ST Telemedia Global Data Centres (STT GDC) into the Indonesia data center market, growing its presence in Asia-Pacific. Notably, STT GDC’s data center network also includes 120+ facilities across Singapore, China, India, South Korea, Thailand, and the UK. Below are further details on STT GDC’s key data center holdings:
- Singapore: STT GDC owns 8 data centers in Singapore located in the East and West of the city
- India: through STT GDC India, the company manages 17 facilities across 8 cities
- South Korea: through a joint venture with Hyosung Heavy Industries, STT GDC is developing a data center campus in Seoul
- Thailand: through a joint venture with Frasers Property, STT GDC is building a hyperscale data center campus in Bangkok
Additionally, STT GDC owns significant ownership interests in data center operators in China and the UK, operating under separate brands.
GDS Holdings – China
GDS Holdings (NASDAQ: GDS) is a developer and operator of carrier-neutral and cloud-neutral data centers in China. Notably, STT GDC exercises 32.2% of the aggregate voting power of GDS’ Class A and Class B ordinary shares.
VIRTUS Data Centres – UK
VIRTUS is a UK data center operator, with campuses in the Greater London area, which is 100%-owned by ST Telemedia. Overall, the company operates 11 data centers, representing 178+ megawatts of power capacity, across 830k sqft (77.0k sqm) of space.
Indonesia – Growth Engine of Southeast Asia
Indonesia is the largest Internet economy in Southeast Asia, driven by consumer adoption of digital applications and services. Indeed, the country’s digital economy will be worth an estimated $124bn by 2025. At the same time, the broader Indonesian economy will become the world’s fourth largest by 2050.
Notably, Indonesia has an Internet penetration rate of 65% or 171 million people. Moreover, these Internet users are mainly under the age of 35, comprising ~67% of the total Internet users in Indonesia.