JAKARTA - Indonesian cellular operator Telkomsel, a subsidiary of the State-Owned Enterprise Telkom Indonesia, is in further talks to inject capital into Gojek. This information was quoted from the Nikkei Asia Review, Wednesday, August 26.
The Nikkei Asia Review got information from three sources with knowledge of the development. He said, Telkom would invest in Gojek in 2018. However, the agreement failed because it did not receive support from ministry officials at the time.
According to one source, Telkom plans to invest around 400 million US dollars (or the equivalent of Rp5.9 trillion at an exchange rate of 1 US dollar = Rp14,000) in Gojek in 2018. Meanwhile, the current agreement value, said the person, will not be too much. far.
"Gojek will benefit from the large number of Telkomsel subscribers and Telkomsel can take advantage of the Gojek ecosystem if the agreement is realized," said another source.
Meanwhile, Gojek and Telkomsel have not officially commented on this information.
Telkomsel is a joint venture company between Telkom Indonesia and SingTel Singapore. The company, headquartered in Jakarta, is the largest telecommunications operator in Indonesia with 172 million subscribers in 2018.
Telkomsel's investment in Gojek will be made directly from the company's balance sheet.
Investments from Telkomsel will support additional funds for Gojek. Previously, Gojek announced it was getting US funding support from Facebook and PayPal 2 months ago.
Gojek also received additional funding from Google and Tencent Holdings and brought the company's Series F round to over US $ 3 billion.
In addition, Gojek also received investment from Mitsubishi Motors Corp, Mitsubishi Corp, Mitsubishi UFJ Lease & Finance and major Visa payments in July 2019.
When Telkom invests in Gojek, this will add to the long list of more than 30 investors who have supported Gojek. For the local realm, Gojek has received investment from Djarum and Astra.
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