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TMI closes second fund at $40m, to rebrand as Telkomsel Ventures

TMI closes second fund at $40m, to rebrand as Telkomsel Ventures

Mia Melinda, Telkomsel Mitra Inovasi CEO. Photo courtesy of TMI.

Telkom Mitra Innovasi (TMI), the investment arm of Indonesian telecom company Telkomsel, has closed its second fund at over $40 million, a top executive said.

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