Telkom Indonesia in advanced talks for a stake in Gojek

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

20200825 Gojek

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

CINDY SILVIANA and ARDI WIRDANA, DealStreetAsia

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.

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