Daily Market Updates: Indonesia telecom weighs sale of venture arm managing $830 million

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Indonesia telecom weighs sale of venture arm managing $830 million

The potential deal would involve MDI Ventures, a unit associated with about $830 million in assets under management, according to people familiar with the matter.

Reported · Written up by our desk · Emerging Markets

Indonesia's state-owned telecom company is exploring the sale of MDI Ventures, according to people familiar with the matter, in a move tied to the management of roughly $830 million.

The unit is described as a venture arm of the telecom group, and the discussions are at an early stage, with details not yet finalized.

CNBC World reports that the company is considering options for MDI Ventures, which could reshape how the telecom’s venture activities are structured.

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CNBC WorldIndonesian state telecom said to weigh sale of venture arm managing $830 million

Global Markets

Indonesia telecom weighs sale of venture arm managing $830 million

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