Indonesia's TelkomMetra Said to Consider Sale of MDI Ventures
A unit under Indonesia’s largest state-owned telecom conglomerate is reportedly considering selling its venture capital arm, MDI Ventures, which manages $830 million in assets. According to sources familiar with the matter, TelkomMetra has engaged Jefferies as an advisor and is evaluating strategic options for the firm at a preliminary stage. MDI Ventures is one of Indonesia’s largest corporate VCs and holds investments from institutional investors across South Korea, Singapore, and Norway. The potential sale comes amid scrutiny over past investment decisions, including a corruption case involving former MDI executives tied to an agritech startup collapse that led to prison sentences for those involved. The broader Indonesian tech sector is experiencing a funding slowdown, with capital raised in 2025 dropping by 38% year-over-year and 85% compared to 2023. TelkomMetra has also been tasked with reducing its portfolio size as part of wider restructuring efforts.
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Topics: Corporate VC Strategic Restructuring Telecom Conglomerate