The company, backed by ex-Virgin Group CEO David Baxby and Caledonia’s Mark Nelson, is hoping to scoop up $6.5 billion in spending from Australian gamers.
Telkomsel, through its subsidiary PT Telkomsel Ekosistem Digital, and GoTo, through PT Aplikasi Multimedia Anak Bangsa (AMAB), today announced the formation .
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Telkomsel invests an additional $300 million in Gojek
Telkomsel, a unit of Indonesia’s largest telecom operator Telkom, has invested an additional $300 million in ride-hailing and payments firm Gojek, the two firms said Monday, just months after the network provider wrote a $150 million check to the Southeast Asian firm.
The announcement comes amid Gojek working to seal a proposed merger with e-commerce platform Tokopedia. The $18 billion deal would result in a new entity called GoTo, according to media reports. Telkomsel’s investment today likely makes it one of GoTo’s top eight investors.
Gojek which has raised over $3.45 billion to date from high-profile investors including Google, Facebook, PayPal, Visa, and Tencent and Telkomsel said their strategic partnership will “open up new synergies as the two companies scale up digital services and deliver new, innovative solutions.”