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DealStreetAsia

Telkom Indonesia in advanced talks for a stake in Gojek

If successful, mobile operator will join investors including Facebook, PayPal

Telkom Indonesia was set to invest in Gojek in 2018 but the deal fell through after failing to secure the backing of top ministerial figures at the time.   © Reuters

JAKARTA -- Indonesian mobile operator Telkomsel, a subsidiary of state-owned telecommunications company Telkom Indonesia, is in advanced talks to inject significant capital into local ride-hailing decacorn Gojek, according to three people familiar with the development.

Telkomsel is seeking to finish what its parent company had sought to do earlier. Telkom Indonesia was set to invest in Gojek in 2018 but the deal fell through after failing to secure the backing of top ministerial figures at the time.

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