Telkomsel’s Investment Overshadows the GoTo-Grab Merger Plan
Monday, November 10, 2025
The Presidential Palace revealed a plan to merge GoTo with Grab, with the state-owned investment agency Danantara involved. But concerns are growing that the Telkomsel investment fiasco could happen again.
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THE possible merger between two ride-hailing giants, GoTo Gojek Tokopedia and Grab Holdings Inc.,is becoming clearer. The news, which first surfaced in early 2025 and was denied by both companies, has now been confirmed by the State Palace in Jakarta. Minister of State Secretary Prasetyo Hadi disclosed that the plan was among the topics discussed in a cross-ministerial and agency forum.
The government is currently drafting a presidential regulat
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