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Tech 3 months ago
PREMIUM
Start-up cases test line between failed bets and criminal acts
The case centers on US$25 million in investments made between 2019 and 2023 by BRI Ventures and MDI Ventures, the venture capital arms of state-owned firms BRI and Telkom, respectively, into agritech start-up PT Tani Group Indonesia (TaniHub).
Opinion 10 months ago
PREMIUM
Analysis: Telkom loses 1.4 GHz BWA to Hashim, Sinar Mas firms
State-owned telecommunications giant PT Telkom Indonesia (Telkom) has faced tough competition in the government's bidding for broadband wireless access (BWA) rights on the 1.4 gigahertz (GHz) frequency spectrum. The government intends to use this frequency to deliver fast and affordable household internet—targeting 20 million homes with minimum speeds of 100 Mbps and monthly fees of around Rp100,000. As it turns out, Telkom lost bids in all three regions across Indonesia, with the winners being companies affiliated with President Prabowo Subianto's brother, Hashim Djojohadikusumo, and the Sinar Mas Group conglomerate.
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