Telkom Indonesia unit said to be in advanced talks to invest in Gojek

Telkom Indonesia unit said to be in advanced talks to invest in Gojek

Photo by Afif Kusuma on Unsplash

Indonesian mobile operator Telkomsel, a subsidiary of state-owned telecommunications company Telkom Indonesia, is in advanced talks to inject significant capital into local ride-hailing decacorn Gojek, according to three people familiar with the development.

Telkomsel is seeking to finish what its parent company had sought to do earlier. Telkom Indonesia was set to invest in Gojek in 2018 but the deal fell through after failing to secure the backing of top ministerial figures at the time.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter