Set to close at US$150 million, it focuses Indonesia and Greater Asean.
Investment led by Telkom Indonesia’s MDI Ventures.
SEA telecommunications giant is acquiring minority ownership in the Europe-based mobile transaction solutions company.
Funds will be used to strengthen cloud communications market leadership in Asia Pacific.
Coriant announces that PT Telekomunikasi Indonesia, Tbk has deployed Coriant’s best-in-class coherent optical transport and universal switching technology as part of a nationwide upgrade to its fibre-based backbone network.
Telkom Indonesia recorded a 13.8% increase in total revenue to Rp86.2 trillion (US$6.6 billion) versus Rp75.76 trillion (US$5.8 billion) in the same period last year, thanks to its data and digital business segments.
Telkom Indonesia, Indosat Ooredoo, and XL Axiata, will focus on improving network quality and offering attractive data plans for mobile-first customers.
Bangkok-headquartered e-commerce solutions provider aCommerce said it has raised a “strategic venture round” worth an eight-figure sum in US dollars.
Indonesian President Joko ‘Jokowi’ Widodo has instructed his administration to allocate a special state fund for startups, but former ministers say that’s easier said than done.
Telkom, which posted a 45.1% surge in data, Internet, and IT services revenue to US$780mil in Q1 2016 versus Q1 2015, is committed to becoming a ‘digital company.’