Key insights and market outlook
PT Bank Negara Indonesia (Persero) Tbk (BBNI) has provided a Rp657.8 billion credit facility to PT Parsaoran Global Datatrans (ION Network) to support the development of submarine cable infrastructure and data center expansion. This strategic financing strengthens ION Network's position as a key digital infrastructure provider in Indonesia, enhancing the country's digital backbone and supporting national digital sovereignty.
PT Bank Negara Indonesia (Persero) Tbk, through its Commercial Business Center (CBC) Semarang, has extended a significant Rp657.8 billion credit facility to PT Parsaoran Global Datatrans, operating as ION Network. This substantial financing will be utilized for two primary purposes: the development of the Submarine Backbone ION CS-1 (Cable System 1) and the establishment of a national-scale data center.
The submarine cable system, known as ION CS-1, represents a critical component of Indonesia's digital infrastructure, connecting the country to regional hubs in Singapore. This project will significantly enhance Indonesia's international connectivity and data transmission capabilities. The data center development will bolster the nation's data storage and processing capacity, supporting the growing demands of digital services across various sectors.
This credit facility marks a significant milestone in BNI's efforts to support Indonesia's digital transformation. By financing critical infrastructure projects, BNI is playing a crucial role in strengthening the country's digital ecosystem. The partnership between BNI and ION Network demonstrates the banking sector's commitment to enabling technological advancements and supporting key players in the digital infrastructure space.
The development of these digital infrastructure projects is expected to enhance Indonesia's digital sovereignty by reducing reliance on foreign infrastructure and improving the country's resilience in the digital landscape. This strategic investment in digital infrastructure aligns with Indonesia's broader goals of developing a robust and secure digital economy.
Credit Facility Provision
Digital Infrastructure Investment