Indonesian telcom operator Telkomsel invests $150m in Gojek

Indonesian telcom operator Telkomsel invests $150m in Gojek

Photo by Gojek

Indonesia’s biggest telecom service provider PT Telkomsel, a subsidiary of state-owned telecommunication company Telkom Indonesia, has invested $150 million in the ride-hailing and food delivery decacorn Gojek. The company announced the investment on Tuesday in a disclosure to the Indonesia Stock Exchange (IDX).

The announcement confirms an August report by DealStreetAsia about Telkomsel’s investment plans.

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