Indonesian state telecom said to weigh sale of venture arm managing $830 million
Indonesia's state-owned telecom giant is exploring a sale of MDI Ventures, according to people familiar with the matter.
Reported by 1 outlet — CNBC Top News. See all sources ↓
Indonesia's state-owned telecom company is thinking about selling its venture arm, MDI Ventures. MDI Ventures manages about $830 million in investments. The idea comes from people who know about the discussions. No decision has been made yet.
Why it matters
A sale could give the telecom extra money to invest in its network. It could also change how local startups get funding from MDI Ventures.
- What is MDI Ventures?
- It is the venture capital arm of Indonesia's state telecom that manages around $830 million.
- Who is considering the sale?
- Indonesia's state-owned telecom giant is looking at selling MDI Ventures.
- Has the sale been decided?
- No, the company is only weighing the idea, according to sources.
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Indonesian state telecom said to weigh sale of venture arm managing $830 million
Sources1TypeCoverageCNBC Top News