Announcement
16 Nov 2020
In November 2020, PT Telkomsel (a subsidiary of state-owned PT Telekomunikasi Indonesia) injected capital of IDR 2.17 trillion (USD 150.7 million) to PT Aplikasi Karya Anak Bangsa (Gojek) to increase its presence in the digital market in Indonesia.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
16 Nov 2020
Revocation date:
No revocation date
Updated: 16 Nov 2020
Capital injection and equity stakes (including bailouts)
In force
On 16 November 2020, PT Telkomsel provided IDR 2.17 trillion (USD 150.7 million) in the form of a convertible bond to PT Aplikasi Karya Anak Bangsa (Gojek). The capital injection would be used...
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