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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.” ....
Indonesian telco operator Telkomsel invests $300m more in Gojek May 10, 2021 Indonesia’s leading digital telecom operator Telkomsel has invested an additional sum of $300 million in homegrown ride-hailing major Gojek, according to a press statement. Telkomsel had invested $150 million in Gojek in November 2020. This investment builds on the existing collaboration between Telkomsel and Gojek and will open up new synergies as the two companies scale up digital services and deliver new solutions, the companies said in a statement. Telkomsel CEO Setyanto Hantoro said the new investment will strengthen its digital business and open more opportunities for partnership. “As a digital telco company, we continue to develop sustainably by developing the digital industry in Indonesia.” ....
The Business Times. The Indonesian network service provider, which is a subsidiary of Telkom Indonesia and Singtel, invested US$150 million in November last year in Gojek. Both parties said in a joint press statement on Monday (May 10) that the additional investment has the approval and support of Telkomsel s shareholders, including Telkom Indonesia and Singtel group. Gojek group co-chief executive Andre Soelistyo said the additional investment will strengthen the collaboration between both companies. Together, they hope to accelerate Indonesia s digital transformation. Telkomsel and Gojek will explore more opportunities to integrate their digital services and continue to work together to grow Indonesia s digital lifestyle sector, they said. ....