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Telkomsel invests additional US$300 million in Gojek
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Digital ecosystem: Telkomsel and Gojek strengthen their synergy with the former making an additional US$300 million investment in Gojek. The investment adds momentum to the integration of both companies' ecosystems to create added value for their customers and partners, providing more development solutions for Indonesia's inclusive digital ecosystem.
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ellular operator Telkomsel, a subsidiary of state-owned communications company PT Telkom Indonesia, said it would invest an additional US$300 million in Gojek, Southeast Asia’s leading on-demand services and payments platform.
The investment builds on the existing collaboration between Telkomsel and Gojek with plans to explore more opportunities in integrating their digital services with the aim of delivering greater value to consumers, partners, and businesses.
The two companies will also continue to work together to grow Indonesia’s digital lifestyle sector, help businesses leverage digital solutions and further develop the technology talent pool in the country.
Telkomsel CEO Setyanto Hantoro said in a statement that the additional investment affirmed the two companies' common vision to respond to real problems in society through digital and technological innovation with the spirit to serve and advance the country.
"Telkomsel is optimistic that this latest investment will open more opportunities for society to access advanced digital technology-based innovation developed by homegrown companies,” he said.
Setyanto added that the investment was part of Telkomsel's strategy to strengthen the company's three digital business pillars: Digital Connectivity, Digital Platforms and Digital Services.
“As a digital telco, we aim to go beyond our connectivity capabilities by consistently developing new, sustainable innovations. Through this enhanced collaboration between Telkomsel and Gojek, we will be able to bring together our expertise and further develop Indonesia’s digital industry,” he said.
“As the digital needs of Indonesians continue to grow, it will be increasingly crucial for leading digital technology companies like Telkomsel and Gojek to work together.”
Meanwhile, Gojek Group Co-CEO Andre Soelistyo said Gojek was proud to have the opportunity to build on the positive momentum of their strategic partnership with Telkomsel.
"The additional investment will strengthen the collaboration between the two companies, enabling both of us to leverage our technological resources and expertise to bring the benefits of the digital economy to consumers, driver partners and small businesses across Indonesia. By combining the best of our capabilities, we hope to accelerate the country's digital transformation and position Indonesia as the true leader in Southeast Asia’s digital economy," he said.
The additional investment in Gojek received approval and support from Telkomsel’s shareholders, including Telkom Indonesia and Singtel Group. This is in line with Telkomsel's view that the investment will strengthen its position as the leading digital telco in Indonesia, enabling it to further develop its digital ecosystem and bring greater benefits to society.
Following Telkomsel’s initial investment in Gojek in November 2020, the two companies have integrated various aspects of their services to provide users with new benefits. This has helped accelerate the digitization of micro, small and medium enterprises (MSMEs) while bringing about greater cost savings for driver partners and enhanced convenience for consumers.
These initiatives include integrating Telkomsel MyAds with GoBiz to enable Gojek's MSME partners to use MyAds for reaching Telkomsel users; easy onboarding for Gojek MSME partners to become Telkomsel reseller partners through the DigiPOS Aja! application; affordable data packages for Gojek driver-partners, accessible on the GoPartner and MyTelkomsel applications; access to more than 20,000 Telkomsel outlets and resellers via GoShop, and co-marketing for gaming services through Telkomsel’s Dunia Games and GoPay in collaboration with Tencent, providing greater value for PUBGM players.
