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Telkomsel’s Controversial Investment

Monday, 30 May 2022

Telkom suffers a loss from Telkomsel’s investment in GoTo. Some believe that the new investment may have been used to repurchase shares from old investors.

A Gojek driver waits for a passenger in front of the Telkom Building in Jakarta, February 2020 Tempo/Tony Hartawan . tempo : 166956007868

TELEKOMUNIKASI Indonesia’s (Telkom) financial report for the first quarter of this year has dragged the company into a polemic. The problem is not in a red balance sheet, considering that Telkom managed to make Rp6.12 trillion in profit during this period. It is the phrase “unrealized loss” of Rp881 billion as a result of the company’s investment in GoTO Gojek Tokopedia. “If traced to the beginning, there should have

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