Telkom sinks $150m in Gojek to expand in digital economy

PT Telekomunikasi Indonesia, or Telkom, the country's largest telecommunication operator, has decided to invest $150 million in Aplikasi Karya Anak Bangsa, the local company behind popular mobile app Gojek, which provides ridehailing, food delivery, and digital payment services. The deal cemented the collaboration of two companies with arguably the largest customer base in Indonesia in their respective fields. Andi Setiawan, Telkom's vice president for investor relations, said that the company's cellular operator unit Telekomunikasi Selular Indonesia (Telkomsel), signed an agreement for the investment Gojek on Monday.

November 18 2020, Jakarta Globe - Read 13 times

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