Latest Comments

  • PREMCHANDRA J LOKHAN... More
    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • adewalebeke@yahoo.co... More
    Hello,
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

Telkomsel sets up VC fund for startups

Telkomsel sets up VC fund for startups

Indonesian market leader Telkomsel has partnered with its venture capital unit MDI Ventures and Singtel’s Innov8 to set up a $40 million fund for investment.

The operator group’s subsidiary Telkomsel Mitra Inovasi (TMI) will be in charge of the fund, which will be primarily invested in startup firms. Telkomsel will allow new firms to make use of its assets and ecosystems, as well as helping them to develop growth strategies to boost their long-term value.

Ririek Adriansyah, president director of Telkomsel, said: “We recognise that Southeast Asia is a region that is growing very fast. Our collaboration through TMI will provide Telkomsel the ability to bring engagement models that are more flexible, responsive and reliable for start-ups looking for access to our strategic capital, and at the same time can provide a better user experience with mutually beneficial cooperation in the long term.”

Comments powered by CComment