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Business deals

Lippo unit and Softbank in partnership for internet of things

Hospitals, malls and Meikarta township project will be key development areas

Link Net chief exeutive officer Marlo Budiman, center right, and SoftBank Corp. vice president Hidebumi Kitahara, center left, signed agreement to collaborate in the internet of things on June 29 in Jakarta. (Photo from Link Net's press release)

JAKARTA -- Indonesia’s Link Net, a subsidiary of Indonesian conglomerate Lippo Group, has signed an agreement with Japan’s SoftBank Corp. to collaborate in the "internet of things."

Under the agreement, signed late June but announced on Thursday, both parties will together develop and deploy internet of things devices and technologies as well as services and platforms in real estate, healthcare and mobility ecosystems in Indonesia.

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