South Africa’s Irdeto partners with Samsung, SMiT to launch D2TV system for Indonesia’s Transvision


 Irdeto, a subsidiary of South African multinational media group Naspers (JSE: NPN), said it is partnering with Samsung and SMiT, to launch the first broadcast Direct-2-TV (D2TV) system for Transvision, an Indonesian satellite, internet and cable television operated by PT Indonusa Telemedia, that does not require a set-top box. Indonusa Telemedia was… Read more »

Indonesia’s HijUp raises second round of seed funding from Fenox, 500 Startups, EMTEK

Indonesia’s first Islamic fashion e-commerce portal has secured a 7-digit figure seed funding from a strategic consortium of global investors, including Fenox Venture Capital, 500 Startups; and Indonesia’s largest media group, EMTEK. The company did not disclose the amount of the seed funding. This seed round equips to further… Read more »

Taiwan Billion Electric eyes Indonesia’s smart tech market

Billion Electric Co Ltd, a global ICT solution and networking CPE provider from Taiwan, plans to enter the market for broadband infrastructure in Indonesia, the company said in a statement. The company will be launching its comprehensive portfolios of mobile and broadband networking (xDSL, Fiber, 3G/4G LTE, M2M) equipment in the country. It also integrates… Read more »

Electronic City Indonesia to invest $15m for retail biz expansion

Indonesia based retailer of electronic appliances, PT Electronic City Indonesia Tbk (ECII) has allocated capital expenditure Rp200 billion ($15.04 million), this year for expansion. This fund will be used to strengthen its online shopping portal, and to develop IT infrastructure. In addition, a part of the fund will be used to build… Read more »

Indonesian financial portal Cermati raises seed funding from East Ventures, BEENOS Plaza

Cermati, an Indonesian online financial portal for finding and comparing financial product information, has secured a seed funding round led by East Ventures. BEENOS Plaza also participated in this round.The size of the round was not disclosed. The funding will be utilised to expand its team and to bolster its product… Read more »

India’s CarDekho scouting for acquisitions in Indonesia & South East Asia

India-based and Ratan Tata-backed CarDekho is on the lookout for acquisitions in the range of $1-5 million (Rs6-30 crore) in Southeast Asian market such as Indonesia, Malaysia and Vietnam and Thailand, The Economic Times reported. Amit Jain, chief executive of CarDekho said, the Jaipur-based automotive classifieds portal is making a start in… Read more »

Indonesia based units of Holcim, Lafarge to merge

Cement producer PT Holcim Indonesia Tbk (SMCB) is preparing to merge with PT Lafarge Cement Indonesia after its holding company Swiss Holcim Ltd and French Lafarge SA announced the finalisation of their merger process. Deputy corporate secretary Andika Lukman said in statement, globally the two companies has launched LafargeHolcim as a… Read more »

South Korea consortium seeks to expand into Indonesian telecom market  

A South Korea consortium, led by local optical manufacturer OPTIS Co. Ltd. and telecom device maker Solid Inc, is seeking to grab an opportunity in the upcoming mobile network transition in Indonesia, Korean Times reported. “Starting from next year, Indonesia will undergo a transition from its existing 2G mobile service… Read more »

Telkom Indonesia to set up $75m venture capital business

Indonesia’s largest telecommunication operator PT Telkom Indonesia Tbk (TLKM) plans to set aside Rp1 trillion ($75.19 million) to set up venture capital business, with an aim to capture the growing e-commerce business in the country. “We are planning to set up a venture capital business this year with total amount… Read more »

Indonesia government plans to license OTT services

Indonesian government is planning to encourage the development of national over the top (OTT) mobile Internet applications, which will be able to compete with the international OTTs such as Facebook and Twitter. To support this development, the government might require that the OTT operators have license in the country, said the Minister of Communications and… Read more »