Indonesia’s largest telecom operator PT Telekomunikasi Indonesia Tbk (TLKM) and SK Telecom (NYSE:SKM) of South Korea, have signed a memorandum of understanding (MoU) to cooperate in new business areas including IoT, media and smart products such as Lifeware.
By Cindy Silviana
Telkom ended an agreement to buy the company from Japanese private equity firm Advantage Partners, the state-controlled Indonesian company said in a filing.
The state-owned operator is scouring key markets in southeast Asia, Japan, South Korea and the US for potential acquisitions.
Indonesia’s state controlled PT Telekomunikasi Indonesia Tbk (TLKM), better known as Telkom, plans to prepare 200 startups in 2016 to help create startup ecosystem in Indonesia, while Jurnal, a provider of online-based software designed for the accounting needs of small and medium enterprises receiving Series A funding for an undisclosed amount.
Indonesia’s ride hailing mobile application GO-JEK Indonesia has signed partnership agreement with the largest cellular operator Telkomsel, unit of state own telecommunication provider PT Telekomunikasi Indonesia Tbk (TLKM) and voucher distributor PT Tiphone Mobile Indonesia Tbk (TELE) to launch Go-Pulsa, that will be available to customers from the second quarter of 2016…. Read more »
Indonesia state owned telecommunication operator PT Telekomunikasi Indonesia Tbk (TLKM), also known as Telkom, plans to raise Rp5 trillion ($359.71 million) from a bond issuance in May or June, said the chief executive (CEO). The proceed from bond issuances and bank loans up to Rp10 trillion will finance costs of… Read more »
Indonesia state-owned bank PT Bank Mandiri Tbk (BMRI) has set up its venture capital firm, Mandiri Capital with an initial capital of Rp 500 billion ($36.90 million). Mandiri Capital, which is set to launch operations next year, will prioritise investing in startups that provide innovative payment services relevant to e-commerce. Also… Read more »
Indonesia’s bank consortium, comprising four lenders under the umbrella of State Bank Association (HIMBARA), is understood to be in talks to acquire ATM service provider PT Sigma Citra Caraka (LINK), a unit of public listed cellular operator PT Telekomunikasi Indonesia Tbk (Telkom), to operate a joint network of automatic teller machines (ATMs). The move… Read more »
US-based technology firm, Apple Inc., plans to establish a research and development (R&D) center in Indonesia. While, the largest mobile network operator in the country, PT Telekomunikasi Selular (Telkomsel), has teamed up with Verifone Mobile Money and PT Finnet Indonesia to introduce TCash Tap to merchants across Indonesia. Apple likely to set up… Read more »