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www.globeasia.comT op Group s
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Tiphone Mobile Indonesia
Private
Manufacturing, distribution
Hengky Setiawan
$2.1 billion
Tiphone Mobile Indonesia Tbk is the largest mobile phone voucher distributor in the archipelago. It has partnered with Indonesian
“unicorn” startup Go-Jek and cellular operator Telkomsel to expand its customer base. The company’s main focus is currently on the sales
of cellular phones and spare parts, accessories and recharge vouchers, in addition to repair services and content provision. Most of its
consolidated revenue is derived from the sale of recharge vouchers and mobile phones. However, the group is still eyeing potential growth
as an integrated provider of tools and services in the telecommunication industry. PT Tiphone Mobile Indonesia Tbk was founded by Hengky
Setiawan, a collector of sports cars and vintage Vespa scooters. The company booked the largest foreign share sale of $3.3 billion in July.
moh. defrizal/ga photo