Telstra, Telkom Indonesia to Jointly Invest in Rapidly Growing Tech Startups in South East Asia

Telstra, Telkom Indonesia to Jointly Invest in Rapidly Growing Tech Startups in South East Asia Image Credit: Telstra

Telstra Ventures and PT Metra Digital Investama (MDI), Telkom Indonesia’s corporate venture arm, today signed an MOU to jointly explore investment opportunities in the rapidly growing technology start-up sector in South East Asia. The MOU will give Telkom access to Telstra’s experience and existing relationships in global start-up centres in Silicon Valley, China and Israel, coupling them with Telkom’s expertise in the Indonesian market. Both companies plan to tap on the emerging technology start-ups in the region, including in areas like e-commerce, e-health, the Internet of Things and fintech.

Telstra siad that over the past five years, Telstra Ventures has invested over A$200 million in more than 30 different technology companies, giving them access to new revenue streams and cutting edge technology that they can use in-house and provide to their customers. 

Cynthia Whelan, Telstra Group Executive, International and New Businesses
With the entrepreneurial talent across South East Asia and a population of 600 million people, including some of the heaviest users of social media and mobiles in the world, this a great time to be working more closely with Indonesia’s biggest telecommunications company on investment opportunities. 

Indra Utoyo, Telkom Indonesia’s Group Chief Strategy Officer
Over the last two years, Telkom and Telstra have established a good relationship, bringing network applications and services to businesses in Indonesia through our joint venture, telkomtelstra.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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