Telkom's Investment in GoTo: Business or Political Problem?

By Editorial Team 23/05/2022
Ilustrasi GoTo
Summary

  • Telkom, an Indonesian state-owned telecommunication enterprise, suffers from an unrealized loss of Rp 881 billion in the first quarter of 2022 from its investment in GoTo.
  • Many criticize the deal by highlighting the fact that GoTo's president commissioner Garibaldi 'Boy' Thohir is the older brother of State-Owned Enterprises Minister Erick Thohir.
  • Telkom's loss is estimated to be even greater as GoTo's stock price has plunged by up to 40 percent since going public on the Indonesia Stock Exchange.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

Start free trial
Log in
What do subscribers receive?

As a subscriber, you’ll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.