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Telkomsel, GoTo join forces to expand in SEA gaming business
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The Majamojo logo is displayed on a mobile phone in this undated photograph (Telkomsel/-)
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tate-owned telecommunications firm Telkomsel and technology company GoTo Group have formed a joint venture to expand their gaming business in the Southeast Asian market.
The joint venture, Majamojo, will be set up by Telkomsel subsidiary PT Telkomsel Ekosistem Digital and GoTo subsidiary PT Aplikasi Multimedia Anak Bangsa, with the former holding a majority stake.
Majamojo, formally PT Games Karya Nusantara, will focus on game development for mobile platforms. The company is slated to form strategic partnerships with third-party gaming developers and create an integrated platform leveraging the variety of services in the GoTo and Telkomsel ecosystems.
“We are aiming for Majamojo to strengthen Indonesia’s gaming ecosystem in Southeast Asia,” Majamojo president director Jungwon Hahn said in a statement on Wednesday.
Read also: Homegrown gaming companies thriving amid pandemic
The mobile gaming business in Southeast Asia has grown by approximately 180 percent from 2014 to 2017, according to data from gaming market research companies Newzoo and Niko Partners.
The companies also predict that the mobile gaming business will continue to see rapid growth in the next five years.
