Indonesia’s Telkom Eyes Expansion to Seven More Countries
Kompas reported over the weekend that Indonesia’s biggest telco Telkom is looking to expand its business to seven more countries in the future through its subsidiary company Telin. This is all part of Telkom’s vision to become a global player.
At the moment, Telin is operating in three countries, namely Singapore, Hong Kong, and most recently launching in Timor Leste (also known as East Timor). The company is now conducting assessments in Australia and Myanmar for potential expansion programs. The other five countries being eyed by Telin have not been named.
Telin’s cellular product Telkomcel officially launched in Timor Leste on January 17th. The telco has prepared a $50 million investment to be used until 2015 in order to build further 2G and 3G infrastructure in Timor. Telkomcel is targeting 60 percent market share among mobile telcos in the country by 2018.
Telkom’s ambitious expansion plans should be well received by startups in Indonesia. This could mean further business opportunities for Indonesian companies wanting to expand their business reach together with Telkom in other countries. Think how SingTel has helped – or acquired – Singaporean startups. We’ve already seen some web companies expanding via Telkom’s subsidiary company Telkomsel, such as with Ngomik and Kotagames.