Telkomsel Indonesia Invests $300 Million in Gojek

Telkomsel Indonesia has just announced that it is putting up a new $300 million investment into its new subsidiary, Gojek. This is the biggest amount of investment that Telkomsel has ever made and it is a good sign that it is still confident in the market. The investment is expected to boost the performance of the company, which is already experiencing rapid growth.

Gojek

Telkomsel Indonesia, the largest telecom operator in the country, has invested $150 million in Gojek. The investment is a key step in the upcoming merger between the two firms. After the deal is approved, the two companies will become a single entity, which will be known as GoTo. It is hoped that the new venture will offer innovative solutions to the country’s digital transformation.

Gojek’s founder, Nadiem Makarim, has joined the cabinet of Indonesia’s president Joko Widodo. The company has expanded its services beyond ride-hailing to include food delivery, digital payments and cars. Now, it is in discussions with ComfortDelGro and is reportedly considering Singapore as a potential market.

Telkomsel has a huge number of subscribers, more than 170 million. It has partnered with Tencent and Dunia Games to provide gaming services to its customers. Meanwhile, it has subsidized the cost of mobile data for drivers. Its recent investment in Gojek will help the two firms explore a wide range of collaboration opportunities.

Telkomsel, meanwhile, will continue to work with Gojek to subsidize the cost of mobile data for the company’s driver partners. It will also explore a variety of other collaborations. Currently, the two companies have integrated several aspects of their services, including their payment system, to make it easier for their users to access them.