Indosat Ooredoo is in talks to sell around 3,000 telecom towers assets and is being advised by JP Morgan.
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Singapore’s Blue Planet acquires Malaysian waste management firm Globecycle
Deal activity in India’s roads sector gathers steam as foreign investors buy up assets
S Korean activist fund KCGI keen to buy controlling stake in Asiana Airlines
Japanese PE Longreach Group exits Nippon Outsourcing
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
Modalku founders found themselves at the forefront of a SE Asian p2p lending market that looks to be entering a promising new phase.
In 2017, MrSpeedy forayed into Southeast Asia by making Indonesia as its first base.
The company said that the growth has been contributed by the implementation of its expansion strategies.
Goola is also implementing the new retail approach with a mobile application which is in the pipeline.
Masayoshi Son is learnt to have met top execs at the three firms during his visit to Indonesia last month.
The central bank has approved the collaboration, which currently covers debit card transaction processing.
Indonesia has been touchy in the past about ceding control of its lenders to the neighbouring city-state.
With the fresh capital, Logisly is set to pursue its goal of easing the high cost of logistics in Indonesia.
Q & A
The VC firm has so far invested in 27 early-stage tech startups in lieu of equity.
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