Telkom Indonesia Is Said to Revive Plan for Data Center Stake Sale

PT Telkom Indonesia is reviving a plan to sell a stake in its data center business to tap rising interest in digital infrastructure assets, according to people familiar with the matter.

The Jakarta-listed company is working with financial advisers on a potential sale of a majority holding in NeutraDC, the people said, asking not to be identified because the information is private. Telkom Indonesia is seeking a valuation of $1 billion to $1.5 billion for the business, the people said.