The telecom companies' corporate venturing units, Telstra Ventures and Metra Digital Investama, have agreed to collaborate on Southeast Asian startup funding.
Australia-based telecommunications company Telstra and Indonesia-based counterpart Telkom Indonesia have signed a memorandum of understanding to jointly invest in startups across Southeast Asia.
Telstra and Telkom Indonesia formed a strategic partnership in 2014 to supply network applications and services to local and Australian businesses operating in Indonesia through a joint venture company called Telkomtelstra.
The investment will be conducted through the companies’ respective corporate venturing units, Telstra Ventures and Metra Digital Investama.
Telstra Ventures is increasingly investing in Asia and…
