Telkom Indonesia acquires stake in European mobile wallet provider Cellum

Telkom Indonesia acquires stake in European mobile wallet provider Cellum

Telkom Indonesia, the largest state-owned ICT enterprise and telecommunications network in Indonesia, has acquired a significant stake in Europe-based multinational mobile wallet provider Cellum Global.

Cellum announced that it has signed a strategic fintech cooperation and investment agreement with Metranet, a wholly owned subsidiary of Telkom Indonesia, on Tuesday in Budapest, Hungary.

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