SYNERGY IMPACT

CUSTOMERS
VALUATION

STRICTLY CONFIDENTIAL BUMN & TELKOM GROUP COMPENDIUM

www.mdi.vc © November 2022

 About MDI Ventures
Company Structure

Launched in 2015 and Full Operation in 2016, MDI is a corporate

venture capital initiative by Telkom Indonesia which is based in 100%

Jakarta with operations in Singapore and Silicon Valley. It provides

100%

seed- to growth-stage capital for early- and mid-stage companies

in Southeast Asia and globally.

MDI Main Activities

1 2 3 4 5

Investing Portfolio Management Synergy Value Fund Rising Divesting

Number of Investment Money Multiple Asset Under

New Revenue Gain from Exit
Management
 Telkom Group CFU Structure
Customer Facing Units (CFUs)

Wholesale & International

Mobile Consumer Enterprise
Business

Consumer Enterprise Government Business Service Wholesale Service Division

Division Service Division Service Division Division

Functional Units (FUs)

Finance Digital Strategic Portfolio Human Capital Management Network & IT Solution
P&D
IT Division
Division

DSO DSS
 CFU Mobile
01 Fintek Karya
Nusantara
 Telkomsel

Description Portfolios
PT Telekomunikasi Selular, trading as Telkomsel, is
an Indonesian wireless network provider founded in Enterprise
1995 and is a subsidiary of Telkom Indonesia. 
Personal
Telkomsel is the largest wireless carrier in the country
with 163 million customer base as of 2018. The
company Operates their GSM network on the
900–1800 MHz frequency range, as well
as 3G and 4G services on other frequencies. Telkomsel
operates a variety of sim card brands, chief among
them are simPATI and kartuHALO. These brands differ
on their payment model (pre-paid vs. post-paid) as well
as pricing.

https://www.telkomsel.com/
 Fintek Karya Nusantara [Link Aja]

Description Portfolios

LinkAja, The Faster Way to Pay.

LinkAja is a QR Code-based payment system
managed by four partnered state-owned banks
(Mandiri, BNI, BRI, and BTN), Telkomsel,
Jiwasraya Insurance, and Pertamina.

LinkAja allows you to top up credit, buy

packages, pay merchants, pay bills, buy game
vouchers, donate, send money and many more
from your smartphone

https://www.linkaja.id/
 CFU Consumer
02 TVV Division
 Indihome
Description Portfolios
Indihome is one of the service products of PT Telekomunikasi
Indonesia in the form of communication and data service packages
such as home telephone (voice), internet (Internet on Fiber or High
Speed Internet), and interactive television services (Usee TV Cable,
IPTV). The IndiHome package also comes with content such as
digital music portal services and Home Automation.

IndiHome was officially launched in 2015. IndiHome is also one of

the programs of Telkom's main project, Indonesia Digital Network
2015. In its implementation, Telkom cooperated with a number of
telecommunication technology developers to build a digital concept
house.
IndiHome services can only be applied to homes in which there are
fiber optic networks available from Telkom (FTTH) and areas that still
use copper cables.

https://www.indihome.co.id/
 CFU Enterprise
03
 TelkomSigma

Description Portfolios
Established in 1987, PT Sigma Cipta Caraka (telkomsigma) is a
leading integrated End-to-End ICT Solutions company for more
than 29 years in Indonesia, currently employing more than 1200
personnel including internationally certified IT professionals. In
early 2008, telkomsigma was acquired by Telkom Indonesia.

Telkomsigma offers comprehensive information technology

services comprising of consulting services, managing IT
services, software development services, and integrated data
center operations in the banking, financial, telecommunications,
manufacturing, distribution and other sectors. Currently
telkomsigma Solutions & Services have been implemented by
more than 350 clients from various industries in Indonesia.

http://www.telkomsigma.co.id/
 FINNET
Description Portfolios
PT. Finnet Indonesia was established on October 31, 2005 with
60% shares owned by PT. Telekomunikasi Indonesia, Tbk. (Cq. PT.
Multimedia Nusantara) and Bank Indonesia Employee Welfare
Foundation (Cq. PT. Mekar Prana Indah) by 40%.

The initial focus of PT Finnet Indonesia's business was as the

provision of IT infrastructure, applications & content to serve the
needs of information systems and financial transactions for the
banking industry and other financial services.
In 2014 PT. Finnet Indonesia has 3 business portfolios; Bill Payment
Aggregator, Electronic Payment Platform and online payment
solutions.

Finnet received an ISO 9001; 2008 Certificate from TUV Rheinland

Cert Gmbh in ACA Telkom and in 2010 received ISO 9001, ISO
27001 and PCI DSS certification for Electronic Data Capture (EDC)
and Payment Gateway  Internet services.
www.finnet-indonesia.com
 Infomedia
Description Portfolios
PT. Infomedia Nusantara (Infomedia) is a subsidiary company of PT.
Telekomunikasi Indonesia Tbk. (TELKOM), the largest
telecommunication provider in Indonesia with business portfolios:
TIMES (Telecommunication, Information, Media, Edutainment,
Services). By direction of Telkom, Infomedia is focus on handling
the portfolio of Information service to become a leader in Business
Process Management company in the region.

www.infomedia.co.id
 Digiserve
Description Portfolios
Telkomtelstra is an end-to-end managed solutions provider
committed to empowering enterprises in Indonesia. We aim to
solve our customers’ business challenges, by helping them to
optimise, grow, and transform their businesses through our
managed ICT solutions.

Telkomtelstra is a joint venture between PT. Telekomunikasi

Indonesia (Telkom Indonesia), and Telstra Corporation Limited
(Telstra), a regional leader in enterprise services. Leveraging the
strengths of both Telkom Indonesia and Telstra, we bring an
unparalleled combination of deep local market expertise and
global managed solutions experience.
Our value proposition is to empower businesses to achieve
outcomes with confidence. We will accomplish this through our
integrated managed solutions, leveraging our extensive reach,
global capability and local expertise.

www.telkomtelstra.co.id
 Metra Digital Media
Description Portfolios

PT Metra Digital Media (MDMedia) is a subsidiary of PT

Telekomunikasi Indonesia Tbk (Telkom) which was established
through one of Telkom's holding companies, PT Multimedia
Nusantara (Metra) in 2013. MDMedia was established to strengthen
Telkom's positioning in responding to the challenges of the
communication industry growth , information and dynamic digital
media, this is in line with the commitment of PT Telekomunikasi
Indonesia Tbk to become "The King of Digital Media".

www.mdmedia.co.id
 CFU Wholesale &

04 International
 PT. Telekomunikasi Indonesia Internasional (TELIN)
Description Portfolios
Established in 2007, Telin is a subsidiary of PT Telekomunikasi
Indonesia. Telin offers a comprehensive range of high-quality Solution by Product
Solution by Industry
international carrier voice, data services, and business solutions
aimed wholesale, enterprise, digital player, and retail customers
with operations in Indonesia, Timor Leste, Singapore, Hong Kong,
● International voice ● Wholesale
Australia, Malaysia, Macau, Taiwan, United States, Myanmar, and
● Data connectivity ● Enterprise
Kingdom of Saudi Arabia. Telin’s services include Voice, Data
● BPO ● Digital
Connectivity, Internet & Content, Mobility, Enterprise Service, and
● Data Center ● Retail
Other Solutions.
● Cloud Solution
● SD WAN
Telin global infrastructure includes 207,260 kilometers of cable
● Global Internet
system length including the consortium-owned SEA-US,
Security
SEA-ME-WE5, IGG, among others; 72 Points of Presences, 11 global
● CPaaS
offices, and more than 19 Tier II to Tier IV Data Centres operates in
● Mobile (MNO/MVNO)
Singapore, Hong Kong, Timor Leste, and Indonesia.
Telin's mission is to become "The Best Customer Experience &
Intensifying Digital Business" in delivering Cloud Provider and
Cloud Enabler services supported with reliable and wide range
infrastructure capabilities, including products and services with
Global standards to meet the needs of Global Digital Players and
Enterprises.
www.telin.net
 PT. Dayamitra Telekomunikasi (MITRATEL)
Description
PT Dayamitra Telekomunikasi or abbreviated as Mitratel, is a
subsidiary of PT. Telekomunikasi Indonesia, Tbk, which is engaged
in telecommunications infrastructure. Founded on October 18, 1995
which was initially given the name PT. Dayamitra Malindo is
Telkom's KSO partner to organize telecommunications activities in
Kalimantan. On August 28, 1997 changed its name to PT.
Dayamitra Telekomunikasi after shares owned by PT. Telkom
Malaysia was bought by Cable & Wireless, Plc. In its development
Mitratel shares which were originally owned by several national
and foreign private companies, but since December 14, 2004 all
Mitratel shares were bought and owned by PT Telekomunikasi
Indonesia.
http://www.mitratel.co.id
Portfolios
● Built to Suit; Layanan sewa space BTS dengan pola
membangun tower baru sesuai kebutuhan pelanggan.
● Colocation; Jasa tower rental menara telekomunikasi milik
Mitratel untuk tenant ke-2 dan seterusnya.
● Reseller; Jasa tower rental menara telekomunikasi pihak
ketiga untuk tenant ke-2 dan seterusnya
● Project Solution; Bisnis turunan yang berkaitan dengan
infrastruktur menara telekomunikasi.
● Managed Services; Jasa layanan pengelolaan end-to-end
infrastruktur telekomunikasi dan infrastruktur non
telekomunikasi.
● Digital Services; Jasa layanan dengan teknologi terkini
untuk kebutuhan operasional internal dan eksternal
pelanggan.
 FU Finance

05
 PT. Graha Sarana Duta (Telkom Property)
Description Portfolios

● PT Graha Sarana Duta was established in 1981.

● in May 2001 PT Graha Sarana Duta become part of Telkom
Group.
● Vision :
○ To be the most prefferd technology –led property
company in Indonesia
● Mission
○ Sustainable Growth
Transform property into a core growth engine to support
Telkom Group’s digital ambitions.
○ World Class Service
Provide world-class digital and sustainable property
services and experiences to customers.
○ Smart Offerings
Harness Telkom Group capability and ecosystem to
provide differentiated smart offerings.
○ Operations Excellence
Achieve operational excellence and cost leadership
http://www.telkomproperty.co.id
leveraging digital
 FU Digital

06
 PT. Metra- Net
Description Portfolios
○ PT Metra- Net established since 17 April 2019
○ Metra Net is a part of PT Telekomunikasi Indonesia, Tbk
(Telkom)
○ To strengthen portfolio in Financial Service, Metranet has
acquired Cellum (European multinational mobile wallet in
January 2018)
Vision:
2. To be one of the best monetization partner in online
industry which focus in mobile content, commerce, online
ticketing and social network game publisher.
Mision:
1. Along with Telkom business digital portofolio “TIMES”
(Telecommunication, Information, Media, Edutaiment &
Services), Metranet Focus on 5 portfolio; Digital Content,
Commerce, Smart Platform, Digital Advertising, Financial
Services) by optimizing digital mediation cultivation to
provide more digital service.

http://www.metranet.co.id
 PT. Melon Id
Description Portfolios
Melon indonesia established in 2010, joint ventured by PT
Telekomunikasi Indonesia, Tbk (Telkom) along with SK
Telecom (SKT) to provide music digital service in
Indonesia. In the end of 2016, Telkom acquired the entire
share of SKT to 100% Telkom Group.

Focus Business:
1. Digital Music Service: Audio Streaming, video,
karaoke, full track download, music box, ring back
tone, text content, IVR, and so on.
v
2. B2B2C: Telecommunication, Internet provider,
FMCG, and retails.

http://www.melon.id
 BUMN sektor Energy

06
 Pertamina Power
● Pertamina Power: Solar
power plant and electric
steam power plant
● Pertamina Geothermal;
energizing green future
● Jawa Satu Power Combined
Cycle Gas Turbine Plant
(CCGT)
● Jawa Satu Power Regas
loading Liquified Natural Gas
Industry Sector energy (LNG)

Industry Sub
Electricity
Sector

Established October 2016 Product and Service

Business Model B2B, B2C
A world class green energy
Line of Business company with largest
geothermal capacity globally
● PT Pertamina Power Indonesia ("PPI") or hereinafter referred to as the "Company", is a subsidiary of BUMN,
namely PT Pertamina (Persero) or "Pertamina". Historically, the Company was first established as Pertamina's
strategic holding company on October 26, 2016 whose task is to run, control, and manage the business activities
of gas-based power and new & renewable energy ("EBT") belonging to Pertamina, both domestically and
internationally. abroad. The Company always carries out its business activities in a professional manner by
implementing sound corporate business practices and always prioritizing the principles of Good Corporate
Governance in every aspect of its business and daily operations in order to be able to provide sustainable added
value to the Company's Stakeholders. As part of the Pertamina Group, the Company takes advantage of the
strong synergies that exist with Pertamina so that the Company is optimistic that it can become a major player in
the gas and EBT-based power business, including captive power business and EBT to power business in
Indonesia.
 Pertamina

Industry Sector Mining Product and Service

Industry Sub
Oil & Gas Products:
Sector
● Oil Fuel (Pertamax, Pertalite, Premium, Pertamina
Dex, Dexlite, Solar, Bio Solar, etc)
Established December 10, 1957 Main services:
● Non-Oil (Minarex, Aspal, etc)
● Drilling services and integrated solutions
● Gas (BBG, Vigas, LPG, CNG, Musicool)
● Floating storage & offloading services
Business Model B2B, B2C ● Lubricants (Fastron, Enduro 4T, etc)
● Vetting services
● Petrochemicals (PTA, Paraxyline, Sulfur, etc)
● Marine services
● Pertamina Hulu Energi ● Offshore support vessel, port, and jetty services
Supporting Services:
● Pertamina Gas Negara ● General insurance relevant to the oil & gas industry
● Trading house, real estate, warehouse, tourism,
● Pertamina Power and marine hull
resort, sports and recreation, rest areas, hospital,
Indonesia ● Sea transport services for internal and external
education, research, etc.
Key Subsidiaries ● Pertamina Patra Niaga customers for the transport of crude oil, intermediate
● Special Economic Zone management;
● Kilang Pertamina products, fuel oi and non-oil fuel products
● Industrial Complex management; and
Internasional ● Other business activities that support and are related
● Pertamina International to the main business activities.
Shipping
 BUMN sektor Agri

06
 Pupuk Indonesia
Industry Sector Agriculture
Industry Sub
Fertilizers and Agrochemicals
Sector
Established August 18, 2014
Business Model B2B, B2C
● Petrokimia Gresik
● Pupuk Kujang
● Pupuk Kaltim
● Pupuk Iskandar Muda
● Pupuk Sriwidjaja
Key Subsidiaries
● Rekayasa Industri
● Mega Altra
● Pupuk indonesia Logistik
● Pupuk Indonesia Pangan
● Pupuk Indonesia Energi
Product and Service
Fertilizer Product Non-Fertilizer Product Services
PT Petrokimia Gresik:
● Kapur Pertanian
● Engineering, Procurement,
All fertilizers in Pupuk ● Cement Retarder
and Construction (EPC)
Indonesia are subsidized: ● Aluminium Fluoride
● Plant Services
● Pupuk NPK Phonska ● Asam Fosfat
● Trader
● Pupuk Urea ● Asam Sulfat
● Logistics
● Pupuk Petroganik ● Amoniak
● Steam and Electricity
● CO2 Cair
● etc.
Perkebunan Nusantara
III

Industry Sector Agriculture

Industry Sub
Plantation Industry
Sector

Established 1958

Business Model B2B, B2C Product and Service

The Company became the
controlling shareholder of
PT Perkebunan Nusantara I,
II, III, IV, V, VI, VII, VIII, IX, X,
XI, XII, XIII, and XIV, with
Key Subsidiaries coverage of areas consist of
the Company’s group
locations that spread across
Indonesia from Aceh to
Papua.
 Rajawali Nusantara
Indonesia
Industry Sector Agriculture
Industry Sub
Agroindustry
Sector
Established 1964
Business Model B2B, B2C
● Mitra Rajawali
● Rajawali Nusindo
● Rajawali Citramas
● Rajawali Tanjung Sari
● GEIB Indonesia
Key Subsidiaries ● PG Rajawali I
● PG Rajawali II
● PG Candi Baru
● PTP Mitra Ogan
● PTP Laras Astra Kartika
● PTP Mitra Kerinci
Product and Service
Agro-Industry Medical Devices Trade and Distribution Property
● Sugar cane industry
The business of medical Trade and Distribution
through PT PG Rajawali
devices manufacturing Business Activities through
I, PT PG Rajawali II, and
through PT Mitra Rajawali PT Rajawali Nusindo and
PT PG Candi Baru Property Sector Business
Banjaran, producing PT GIEB Indonesia,
● Palm oil industry through Activities are carried out
products such as carrying out trading and
PTP Mitra Ogan and PT by utilizing
Disposable Syringes distribution activities for
Laras Astra Kartika and optimizing the
(ASSP) under Skifa brand, pharmaceutical products
● Rubber industry, through Company’s assets in
condoms under Artika and and medical devices,
PTP Mitra Ogan, strategic locations
WOW brands, disposable general trading,
produces dry rubber
gloves, and the Hyperbaric agro-trading, and
● Tea industry through PT
Oxygen Therapy (HBOT) e-commerce
Mitra Kerinci
 Perhutani

Industry Sector Agriculture

Industry Sub
Agroindustri
Product and Service
Sector
Products and Services Subsidiaries
Established March 1961

Business Model B2B, B2C
Perhutani is a State-Owned
Enterprise Indonesia
Republican in the form of a
public company. For the sake
of effectiveness and
Key Subsidiaries
efficiency of performance and
organization, Perhutani has
several subsidiaries that are
responsible for the forestry
sectors.
● Kayu bundar Kayu olahan dan kayu olahan
lanjutan Gondorukem, terpentin, dan turunannya
Minyak kayu putih Kopal Lak Madu dan air madu
● PT Inhutani I, PT Inhutani V,
Benih dan bibit tanaman kehutanan
● PT Palawi Risorsis
● Pengelolaan dan pemanfaatan hutan Rehabilitasi
● PT Bakti Usaha
dan reklamasi hutan Perlindungan hutan dan
● Sago factory at Distrik Kais, Kabupaten
konservasi alamPengolahan hasil
Sorong Selatan, Papua Barat
hutanPengembangan hutan rakyat dan/atau hutan
tanaman rakyat Perdagangan hasil hutan
Penangkaran satwa
 BUMN sektor Logistic

06
 POS Indonesia

Industry Sector Logistic Product and Service

Industry Sub
Distribution and Logistic Courier Service Logistic Service Financial Service Property Service
Sector

Established August 26, 1746 Payment

● Pospay
● Syariah Business
Business Model B2B, B2C Domestik
● Digital Outlet (Pos
Other
Aja!) ● Transportasi
● Disbursement of ● Rent Land, Building,
● Priority Service ● Warehouse
Funds Space
● Standard Service ● Freight Forwarding
● Bank Partnership ● Parking
● Kargopos Retail
● Pos Finansial Indonesia ● Insurance ● Service Charge
International ● Kargopos Proyek
Key Subsidiaries ● Pos Logistik Indonesia ● Fronting
● Priority Service
● Pos Properti Indonesia ● Retail
● Standard Service
● Philatelic

Remittance
 BUMN sektor Health

06
 Biofarma

Industry Sector Health

Industry Sub
Health
Product and Service
Sector
Products Health Services
Established August 6, 1890

Business Model B2B, B2C

● Combination Vaccine
● Viral Vaccine ● Service of Industrial Microbiology
● Bacterial Vaccine ● Clinical Laboratory Service
● Diagnostic Vaccine ● Vaccination Service
● Kimia Farma
Key Subsidiaries ● Sera ● Clinic & Pharmacy
● Indofarma
● Partnership Product
 Kimia Farma

Industry Sector Health

Industry Sub
Health
Product and Service
Sector
Products Health Services
Established August 1971

Business Model B2B, B2C ● Drugs and traditional drugs

● Cosmetics,
● Health service/ Clinic
● Pharmaceutical goods,
● Apothecary
Kimia Farma is the first ● chemical material
pharmaceutical industry ● Laboratory
● Vegetable oil
company in Indonesia which ● Optic
Key Subsidiaries
was founded by the Dutch East ● Yodium
Indies Government in 1817. ● Dermatologist clinic
The name of this company was
Brand
originally NV Chemicalien ● Marcks, Enkasari, Batugin, Fitocare,
Handle Rathkamp & Co.
Marvee, Salicyl, Antifect
 BUMN sektor Finance

06
 Bank Syariah Indonesia

Industry Sector Finance Product and Service

Industry Sub
Banking Saving Products Loan Products Services
Sector

Established December 18, 1968

Business Model B2B, B2C
● Bank Raya Indonesia
● Asuransi BRI Life
● Danareksa Sekuritas
● BRI Remittance Co. Ltd
● BRI Multifinance Indonesia
Key Subsidiaries
● BRI Ventura Investama
● BRI Asuransi Indonesia
● Pegadaian
● Permodalan Nasional
Madani
● Tabungan BRI Britama
● Tabungan BRI Junio & Junio
Rencana
● Tabungan BRI Simpedes
● Giro
● Deposito
● Digital Saving
● Cash Management System
● Institutional Services
● Business and Finance
● Micro Loan
Services
● Small Loan
● BRILink Agent
● Medium and Corporate
● E-banking
Loans
● International Business
● Consumptive Loan
Services
● Credit Card and Digital
● BRIfast Remittance
Lending
● Treasury Services
● Investment Services
● BRI Priority
 IFG

Industry Sector Finance Product and Service

Industry Sub
Banking
Sector

Established December 18, 1968

● PT Asuransi Kerugian
● Jasa Raharja (Jasa Raharja)
Business Model B2B, B2C
● PT Jaminan Kredit Indonesia (Jamkrindo)
● PT Asuransi Kredit Indonesia (Askrindo)
● PT Asuransi Jasa Indonesia (Jasindo)
IFG established by ● PT Asuransi Jiwa IFG (IFG Life)
Government of Indonesia ● PT Bahana Sekuritas
to become a driver of the ● PT Bahana TCW Investment Management
development of a
Key Subsidiaries complete and innovative ● PT Bahana Artha Ventura
non-bank financial ● PT Bahana Kapital Investa
industry, particularly in ● PT Grahaniaga Tatautama.
insurance, investment
and underwriting.
THANK YOU