Why telcos are ideally positioned to scale Indonesian startups

Jakarta’s three biggest telco companies are XL Axiata, Indosat, and Telkom Indonesia. Quarter after quarter, all three firms are witnessing increased mobile data usage by their customers, and all three are actively involved in Indonesia’s tech startup scene.

Indosat CEO Alexander Rusli tells Tech in Asia that to create the right exit environment, telco leaders must work today to change the thinking of the nation’s more conservative investors. Rusli and Indosat seem to be leading by example, as back in May the telco launched a US$50 million venture capital fund for Jakarta’s startups, alongside Japanese conglomerate SoftBank as its partner. Indosat also powers Jakarta’s Ideabox accelerator for early-stage tech ventures in Indonesia.

In August, Telkom Indonesia announced it would invest US$200 million into the archipelago’s tech startups. President director Arief Yahya calls the initiative a corporate venture capital fund focusing on local and US startups, and is confident that it will be the largest of its kind coming out of Indonesia. Telkom also jointly runs the capital’s Indigo Fenoxincubator.

Source：http://www.tinydeal.com/fr/

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