Local fibre broadband startup MyRepublic, who announced at Startup Asia earlier this month their plans for a 2017 IPO, has received $4.4 million worth of investment from an Indonesian energy company.
Dian Swastatika Sentosa (DSS) — part of the Sinar Mas Group conglomerate and on its own runs internet optic fibre and cable TV in Indonesia — now has 5.9 percent ownership of MyRepublic.
Tech in Asia reports that Sinar Mas Group also operates Indonesia’s CDMA telco service and sells Andromax smartphones, on top of its partnership with Japanese online service provider Excite, which operates Excite Points in the country.
