Jakarta - Telkom, a shareholder in GOTO, stated it currently has no specific direction regarding teh potential merger between GOTO and Grab, following recent discussion sparked by Danantara Investment Management Agency’s response. The statement comes as market speculation intensifies around a possible consolidation of the two Southeast Asian tech giants.
Telkom’s Director of Strategic Business Development Portfolio,Seno Soemadji,revealed the company’s position during an Executive Media Briefing at the Telkom Landmark Tower Building in Jakarta on Monday,December 1,2025. He appeared alongside Telkom’s director of Finance and Risk Management,Arthur Angelo Syailendra. The potential merger raises questions about Telkom’s stake in GOTO and whether the company will divest it’s shares.
“Regarding GOTO and Grab, frankly, this is still in the early stages. We still don’t have specific directions,” Seno said. While acknowledging the promising market potential of a combined GOTO and Grab, Seno cautioned that it was premature for Telkom to comment further. “I think there is potential that we can get from various kinds of collaborations that can be carried out. There is synergy that we can create from there,” he added.
The discussion follows comments from Rosan perkasa Roeslani Perkasa, CEO of Danantara Investment Management Agency, who indicated Danantara is awaiting official developments and remains open to participating in the merger process, should GOTO and Grab invite their involvement. “We leave it to the process, Grab and GOTO are running. They told us that Danantara is also open to participating,” Rosan stated after the Bank Indonesia Annual Meeting on November 28.
