15 OCT 2026 — Princeton Digital Group, the Singapore-headquartered data centre operator, has agreed to sell its five smaller Indonesian data centres to SM+, the digital infrastructure arm backed by the Sinar Mas conglomerate. Neither side disclosed a price. PDG is keeping, and building out, the large campuses near Jakarta that it says now add up to 400 megawatts of hyperscale capacity.
The deal splits Indonesia's data centre market between a regional operator chasing very large cloud customers and a local conglomerate taking over the enterprise sites PDG no longer wants to run.
What is changing hands
According to PDG's announcement on 12 October, the business being sold comprises five operational facilities in Greater Jakarta, Bandung, Surabaya and Pekanbaru. PDG acquired them when it entered Indonesia in 2019. Mingtiandi reports that entry came through the purchase of a 70 per cent stake in XL Axiata's data centre portfolio, and that PDG did not disclose the combined capacity of the sites it is selling. The deal is still subject to the usual closing conditions.
SM+, signing through PT SMPlus Digital Investama, calls the purchase a step towards "Indonesia's leading home-grown digital infrastructure platform", according to group chief executive Herson Suindah. After the deal it will operate 31 sites in 25 cities or markets across the country, W.Media reports.
Enter, then expand
PDG presents the sale as the planned end of its first phase in Indonesia. "From the outset of PDG's founding, our strategy has been to enter a market, establish a strong operating presence, then expand for scale," said chairman and chief executive Rangu Salgame. "This transaction is a natural step to continue serving our hyperscale customers' growing requirements in Indonesia and across APAC."
The expansion is concentrated east of Jakarta. Mingtiandi reports that PDG broke ground last November on its US$1 billion, 120 MW JC3 campus in Bekasi regency, with the first phase targeted for the fourth quarter of 2026. It also bought a nearby site for a 240 MW JC4 campus planned as four 60 MW buildings. In May, PDG closed US$856 million in financing for JC3, partly from a syndicate including DBS, HSBC, Maybank, SMBC and Standard Chartered.
Money for the bigger builds
The sale comes as PDG lines up funding for those projects, Mingtiandi notes. PDG said in March it planned to raise up to US$5 billion in debt this year. The sale is its first disposal since Bloomberg reported in April that Goldman Sachs had been hired for a strategic review that could lead to a stake sale. Warburg Pincus is PDG's largest shareholder.
Rivals are scaling up too
PDG is not alone in chasing scale in the region. Mingtiandi points to Digital Edge's US$4.5 billion hyperscale campus in Indonesia, announced in January, and DayOne's 360 MW project with Firmus Technologies on Batam, just across the water from Singapore.
What it means for Indonesian customers
For banks, retailers and government agencies renting space in the five facilities, the immediate change is the landlord. A local operator with 31 sites may pay more attention to smaller enterprise tenants across the country than a hyperscale-focused owner would. Neither company has said whether pricing, staff or service terms will change, and customers should ask before contracts come up for renewal.
