Smartfren and Alibaba Affiliated Company Create Digital Joint Venture
PT Smartfren Telecom Tbk officially entered into a joint venture (JV) agreement with a Chinese technology giant, Aliaba Group, on December 22, 2021.
The joint venture company in question is PT Nuri Gaya Citra (NGC). Smartfren created NGC through its grandson or PT SF Digital Commerce (SFDC). Meanwhile, Alibaa's ownership in the JV is represented by an affiliated company of one of its subsidiaries, namely Fonixtree Digital Singapore Ltd (FDSL). needed, will be determined at a later date," wrote Smartfren Director Antony Susilo in a disclosure on the official website of the Indonesia Stock Exchange, Antony explained that there was no material impact on operational activities, financial law, or the sustainability of the company. In addition, SFDC and FDSL are not affiliated.
|•SOURCE•| Articles :KATA DATA | Image :TRIBUN |
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