SoftBank to invest $2 billion in Indonesia over 5 years via ride-hailing firm Grab

30, Jul. 2019

Indonesian President Joko Widodo meets SoftBank Group CEO Masayoshi Son, Grab CEO Anthony Tan and Grab Indonesia President Ridzki Kramadibrata in Jakarta on Monday (photo: Grab)
Indonesian President Joko Widodo meets SoftBank Group CEO Masayoshi Son, Grab CEO Anthony Tan and Grab Indonesia President Ridzki Kramadibrata in Jakarta on Monday (photo: Grab)

JAKARTA, NNA – Japanese telecom carrier SoftBank Group Corp. is to invest $2 billion over five years in digital infrastructure in Indonesia, Southeast Asia’s biggest internet economy, through ride-hailing firm Grab.