Jakarta, 10 March 2022 – PT Telkomsel Ekosistem Digital officially introduced its logo and brand name INDICO. As a subsidiary of Telkomsel and a holding company for the vertical digital business, INDICO is committed to accelerating more opportunities and possibilities to innovate by leveraging the latest digital technology to empower Indonesia's digital ecosystem and industry.

The introduction of INDICO is part of the spirit of PT Telkomsel Ekosistem Digital as the company aims to strengthen its identity as a game-changer that would drive more innovative digital services. INDICO will also accelerate the presence of true digital talents who focus on collaborations with cross-sectoral start-ups in the country, investors, and stakeholders in the digital industry for a more significant impact in strengthening the national digital economy.

Minister of State-Owned Companies of the Republic of Indonesia Erick Thohir says," I have witnessed a profound transformation at Telkomsel; in this era of transformation, we shall not feel content with the existing condition as changes constantly occur. Telkomsel is confident to launch INDICO, an aggregator company, and market access for local creators. INDICO will create an ecosystem that will contribute to the positive national digital economy growth. Therefore, INDICO should become a big aggregator for Indonesia's digital economy growth. We must have our ecosystem and roadmap as a big nation because Indonesia belongs to us. We must ensure that this ecosystem always excels; thus, innovations and transformation are crucial. I hope, following this launch, there will be more real innovations by INDICO. Congratulations to Telkomsel and the entire Board of the Directors for your shared vision for Indonesia 2045."

CEO Telkomsel Hendri Mulya Syam says, "As a digital ecosystem enabler, Telkomsel is always ready to support needs for synergy value that INDICO has maximized to grow its vertical business penetration for impactful digital innovations that will give impact to the national digital economy through resources and businesses supports from Telkomsel. We also hope that the company's brand identity could further strengthen Telkomsel's commitment to the transformation roadmap as part of a leading state-owned company in Indonesia, TelkomGroup, and enables INDICO as a digital ecosystem powerhouse to support inclusive national digital economy growth and allowing Indonesia to become one of the biggest four digital economy countries by 2030."

CEO INDICO Andi Kristianto reveals, "As a digital platform company, INDICO has been established to create flywheel effect innovations on the development of cross-sectoral digital solutions by leveraging resources and capabilities available in Telkomsel. We aim to explore various potentials contributing to the digital economy growth nationally and globally in Southeast Asia. We hope INDICO could bring helpful digital solutions for the people of Indonesia as well as empower local talents to be able to make positive contributions regionally and globally."

INDICO has been selected as a commercial name based on the company's vision to create a digital ecosystem with a focus on the spirit to collaborate and empower anyone. The empowerment is expected to unlock more ample opportunities to accelerate progress across all phase of life. 

The logo illustrates a portal that symbolizes a wide-open opportunity through collaborations within the digital ecosystem that empower progress. Meanwhile, dynamic letters represent agility to enable businesses and empower everyone in the society. Other than that, red and white reflect Indonesia's courage to explore, innovate, and move forward.

In terms of business operation, INDICO focuses on developing solutions and cross-sectoral services with a customer-centric focus by creating innovations in technology that could empower society to accelerate its digital lifestyle. In the initial development stage, INDICO will be focusing on three priority sectors, including health-tech, edu-tech, and gaming, with promising potentials to drive the national digital economy. Furthermore, INDICO also unlock the opportunities to enhance its vertical business portfolio to other industries along with market growth and initiate opportunities to collaborate to grow the national digital economy.

Health-tech and edu-tech are two key sectors that have been developed by INDICO, following the integration of the business management of Kuncie and Fita into INDICO. Recently, development of the gaming business has also been done through the launch of Majamojo, a joint-venture company with PT Aplikasi Multimedia Anak Bangsa, owned by GoTo Group, with a business focus as a game publisher.

For more information on INDICO, visit www.telkomsel.com/INDICO.