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.
Reza…
