Telkomsel Ekosistem Digital and AMAB, part of GoTo Group form “Majamojo”, joint venture to develop the gaming industry in Southeast Asia

Jakarta (ANTARA) - Telkomsel, through its subsidiary PT Telkomsel Ekosistem Digital, and GoTo, through PT Aplikasi Multimedia Anak Bangsa (AMAB), today announced the formation of a joint venture, PT Games Karya Nusantara, to strengthen the development of the gaming industry in Southeast Asia. The joint venture, which carries the brand name “Majamojo”, will build on the ongoing collaboration between the two local champions, which has already seen the introduction of a number of well-received mobile game promotions in Indonesia.

With an aim to become the leading gaming publisher in Indonesia, Majamojo will focus on mobile game development in Indonesia and Southeast Asia. It will look to form partnerships with third-party game developers, while leveraging Telkomsel Ekosistem Digital and GoTo’s strengths, including their digital capabilities, technology assets, and wide-reaching ecosystems.

Through this joint venture, Majamojo is expected to strengthen Indonesia’s gaming industry, as well as encourage and nurture the development of more homegrown digital talent. Its efforts will also support Indonesia’s digital transformation and bring the benefits of the digital economy to more people throughout the country.

According to a report by game research companies, Newzoo and Niko Partners, mobile games in Southeast Asia grew by 180% between 2014-2017, and is predicted to continue to grow over the next five years. Shibuya Data Count also estimates that the Compound Annual Growth Rate (CAGR) of the gaming industry in Southeast Asia will reach 8.5% in 2020-2025.

Telkomsel Ekosistem Digital CEO, Andi Kristianto said, “Majamojo further strengthens Telkomsel Ekosistem Digital’s business, following the incorporation of PT Kuncie Pintar Nusantara (Kuncie) and PT Fita Sehat Nusantara (Fita) into our portfolio. Our goal is to maximise the advantages of Telkomsel's assets and capabilities to grow Majamojo’s position in the gaming ecosystem, complementing what Dunia Games has covered so far. We are optimistic about the role Majamojo can play, contributing to the development of the gaming industry and the digital ecosystem in Indonesia and Southeast Asia."

GoTo’s Head of Strategic Partnerships Reggy Susanto said, “With the synergies between GoTo Group and Telkomsel, we have high hopes for the future of Majamojo. The joint venture will enable us to leverage greater opportunities in the gaming industry, which holds great potential in an increasingly digital-first world. Over the past few years, both of us have established very close collaborations, with a common commitment to develop an inclusive digital ecosystem in Indonesia. By expanding our collaboration, we will make it even easier for everyone to access digital products and services from GoTo and Telkomsel, so that we can better meet the needs of the growing mobile-first market in Indonesia," Reggy added.

Telkomsel Ekosistem Digital will be the majority shareholder of Majamojo, with the remaining shares held by AMAB. To accelerate Majamojo's business strategy, Jungwon Hahn will lead the joint venture as President Director and M. Dody Darmawan as Finance Director.

Majamojo President Director, Jungwon Hahn explained, "I am excited to lead Majamojo, which will focus on publishing games and developing the gaming industry locally and regionally. Our mission is to serve gamers with dedication and become a force to be reckoned with in Southeast Asia. We also aim for Majamojo to become a leading company in Indonesia that will strengthen the gaming ecosystem in Indonesia and beyond."