Indonesian telecom network Telkomsel invests $150 million in GoJek

Telkomsel, Indonesia’s biggest telecom network, has invested $150 million in ride-hailing firm GoJek, the two companies said on Tuesday.

As part of the “strategic partnership,” the two firms said they will explore a “broad range of collaboration opportunities” to reach millions of Indonesians. Since 2018, GoJek and Telkomsel have maintained a deal to subsidize the cost of mobile data consumed by the ride-hailing firm’s driver partners.

With over 170 million subscribers, Telkomsel is the largest telecom operator in Indonesia. In addition to rise-hailing, GoJek has expanded to several additional businesses including digital payments and food delivery in Indonesia. The firm, which has

raised over $3 billion to date

, is backed by some of the biggest names in tech including Facebook, Google, PayPal, and Tencent.

“This is a great day for

Gojek

and for Indonesia, as we strengthen our collaboration with Telkomsel, one of Indonesia’s most forward-looking telecommunication companies. By working together, we hope to help Indonesia become a true digital powerhouse in Southeast Asia, and bring the benefits of the digital economy to millions more consumers, driver-partners and small businesses,” Gojek co-chief executive Andre Soelistyo said in a statement.

More to follow…