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Telkom Indonesia plans to boost startup investment

Group aims to seize opportunities amid shift from traditional carrier business

Donald Wihardja, CEO of MDI Ventures, Telkom Indonesia's venture capital unit, is keen to invest more in startups. (Photo courtesy of MDI Ventures) 

TOKYO -- State-owned Telkom Indonesia plans to ramp up investment in local digital service startups to tap the booming tech sector in Southeast Asia's largest economy, a senior group executive told Nikkei Asia.

Indonesia's biggest telecom company is pivoting from its traditional core business as the nation's economy is transformed by private technology unicorns -- startups valued at over $1 billion -- making inroads into sectors such as transportation and finance.

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