Historic Closing of PT Telekomunikasi Seluler’s US$150 Million Strategic Investment in and Business Collaboration with PT Aplikasi Karya Anak Bangsa (Gojek) – The First Large Scale Investment Made by Indonesian State-Owned Company Group in Indonesian Leading Start-Up
We are proud and pleased to represent Telkomsel in its historic USD150-million strategic investment in and strategic collaborations with Gojek. Not only that this deal marks an important milestone for Telkomsel in its transformation to become a leading digital technology company in Indonesia, it is also the first large scale investment made by a member of Indonesian state-owned company group into an Indonesian major start-up company. A historical moment indeed!
Using an innovative investment structure, the deal will provide both Telkomsel and Gojek with a broad range of collaboration opportunities designed to capitalize on the combined scale of both businesses, among other things, in the fields of digital lifestyle and advertising technology solutions.
Our team, led by Pramudya A. Oktavinanda and Andika Setia Budi, assisted Telkomsel in conducting due diligence, advising various regulatory matters as well as negotiating the main transaction documents. We also would like to thank Citi for their great collaboration in this project.
Congratulation to all the parties involved!