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Gemcorp invests $75m for broadband deployment in rural Indonesia

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Del Jones / Carl Leijonhufvud

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With our latest investment in Net1, we are excited to bring onboard two new partners who share our investment vision and excitement in emerging markets’ – InfraCo Asia and Finland’s first EM impact fund, OP Finnfund Global Impact Fund I.

The growth financing round of $75m will support Net1 as they continue roll-out broadband across highly underserved rural regions across Indonesia. Given the ongoing Covid-19 pandemic, good internet connectivity is now of critical importance, allowing underserved populations greater access to healthcare, education and work opportunities.

Read more about it here.