PT Telekomunikasi Indonesia Tbk (Telkom), Indonesia’s largest telecommunication company, plans to invest $200 million in Silicon Valley start-ups, said Indra Utoyo, director of IT solution and strategic portfolio.
The state-controlled company has invited Fenox Venture Capital as its partner to seek potential start-ups. (Kontan)
Note: Reuters has not verified this story and does not vouch for its accuracy. (Compiled by Jakarta Newsroom; Editing by Subhranshu Sahu)