Next Generation Partners

Firms To Watch: IT, Telecoms and Fintech

AKSET Law is recommended for its capability in IT and telecoms, with Abadi Abi Tisnadisastra being a key contact in the practice. 
Led by Mochamad Kasmali, the technology and telecoms practice at Hogan Lovells in association with Dewi Negara Fachri & Partners advises on matters concerning digital trading and e-commerce, as well as fintech and payment systems.

Firms in the Spotlight IT, Telecoms and Fintech

Makes & Partners

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Makes & Partners is an independent, innovative and creative Indonesian law firm and a leader in the Indonesian corporate finance and corporate commercial legal services market. The firm promotes the commercial interests of clients by providing high-quality legal services to Indonesian and international clients.

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IT, Telecoms and Fintech in Indonesia

ABNR Counsellors at Law

Counting domestic and multinational telecoms, technology and software companies, as well as noteworthy social media platforms, among its key roster of clients, ABNR Counsellors at Law has been preoccupied with foreign direct investments, telecoms-related M&A transactions, e-commerce and data protection issues, among other matters. Practice leader Agus Ahadi Deradjat advises on foreign investments in the technology sector, in addition to representing fintech participants, including disruptive start-ups and leading financial institutions, on all aspects of their operations in Indonesia. Kevin Sidharta acts for technology, internet and social media companies on regulatory compliance matters, while Elsie Hakim focuses on work concerning fintech and e-commerce. Ayik Candrawulan Gunadi is another key contact in the team.

Practice head(s):

Agus Ahadi Deradjat

Other key lawyers:

Kevin Sidharta; Elsie Hakim; Ayik Candrawulan Gunadi; Adri Yudistira Dharma


‘The team at ABNR are easy to deal with and seamlessly bolt on to our project team. I feel confident about getting the right answer to my client’s questions.’

‘Ayik Candrawulan Gunadi is a leader in TMT law in the Indonesian market. He is flexible and very responsive.’

Assegaf Hamzah & Partners

Assegaf Hamzah & Partners offers a full suite of services and advises on matters concerning digital technology, cyber security, data protection, telecoms, financial innovation, M&A transactions and broadcasting. The team prides itself on providing integrated solutions to its roster of clients, by combining technology expertise with regulatory and financial services capability. Zacky Zainal Husein heads the practice and has demonstrable experience advising on regulatory issues associated with the full spectrum of TMT mandates, while banking and finance expert Indira Yustikania is noted for her expertise of the fintech sector in Indonesia. Muhammad Iqsan Sirie was promoted to partner in April 2022 and advises on blockchain, cryptocurrency, cloud computing and AI matters.

Practice head(s):

Zacky Zainal Husein; Indira Yustikania

Other key lawyers:

Muhammad Iqsan Sirie

Key clients

Pt GoTo Gojek Tokopedia


Investree. id

PT Fintek Karya Nusantara

PT XL Axiata Tbk

Capgemini Group

PT Genomik Solidaritas Indonesia

Erajaya Swasembada

HSBC Indonesia


Bagus Enrico & Partners (BE Partners)

Bagus Enrico & Partners (BE Partners) has a strategic focus in the TMT sector in Indonesia and acts for leading telecoms operators, platform providers, internet intermediaries, as well as data and digital specialist clients, on a wide range of commercial and corporate transactions. The team has extensive experience representing global technology companies on regulatory and compliance issues, technology transactions, commercial agreements for the transfer of technology, licensing and day-to-day business operations. Numerous household names form the team’s client roster, including Microsoft Corporation, WhatsApp, BBC and Lycamobile, as well as medium-sized technology entities who are looking to get a foothold in Indonesia’s emerging market. Enrico Iskandar, Bagus Nur Buwono and Debu Batara Lubis lead the team, with the support of associate Alwin Widyanto.

Practice head(s):

Enrico Iskandar; Bagus Nur Buwono; Debu Batara Lubis

Other key lawyers:

Alwin Widyanto

Key clients

Atos IT Gmbh (Atos)

Microsoft Corporation

Whatsapp, Inc.

Doctor Anywhere

Facebook, Inc

Abbott Diabetes Care


British Broadcasting Corporation (BBC)

HMD Global

NBC Universal


Vodafone Group


Ginting & Reksodiputro in association with Allen & Overy

Ginting & Reksodiputro in association with Allen & Overy has an impressive IT, telecoms, and fintech practice, with the ability to provide English, Indonesian, and American legal advice. The team’s workload includes data privacy transactions, in addition to advising tech companies on numerous business models. The practice is noted for its expertise in the fintech sector, advising on payments, online lending and equity crowdfunding, whilst offering a range of comprehensive cyber security services. Harun Reksodiputro, who focuses on M&As and investments in the TMT sector, jointly leads the practice alongside Sugianto Osman, who advises on high-end technology and fintech deals in Indonesia.

Practice head(s):

Harun Reksodiputro; Sugianto Osman

Key clients

PT Bumi Cakrawala Perkasa, owner of OVO

PT Tokopedia

Sequoia Capital Advisors Pte Ltd

Gojek (PT Aplikasi Karya Anak Bangsa)

PT Astra International Tbk

PT Polinasi Iddea Investama (Halodoc)

PT Akseleran Keuangan Inklusif Indonesia (Akseleran)

Openspace Ventures

Work highlights

  • Advised Indosat Ooredoo, the Indonesian subsidiary of Ooredoo Group, on its merger with Hutchison 3 Indonesia (H3I), the Indonesian subsidiary of CK Hutchison.
  • Advised Tokopedia, Indonesia’s leading e-commerce marketplace, on its transformational combination with Gojek, the Indonesian based ride-hailing and payments giant.
  • Advised a sovereign wealth fund (the client) on its USD400 million pre-IPO investment in GoToGroup (PT Aplikasi Karya Anak Bangsa).

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie

Noted for its extensive cross-industry expertise, Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie assists new entrants into the Indonesian market, as well as acting for telecoms equipment and software suppliers on high-value acquisitions and joint ventures, data privacy and regulatory issues. On account of its association with Baker McKenzie, the ‘talented team’ is well-placed to leverage the firm’s international footprint to handle cross-border technology transactions and foreign investments. Praised for his ‘extensive experience in M&As and joint ventures in the TMT sector’, Daniel Pardede leads the team. Iqbal Darmawan is another key name to note for M&A transactions and associate partner Adhika Wiyoso is commended for his ‘commercial awareness’.

Practice head(s):

Daniel Pardede

Other key lawyers:

Iqbal Darmawan; Adhika Wiyoso; Bimo Harimahesa


‘The depth and breadth of the team, commercial awareness and services levels are strong. HHP Law Firm has a talented team and often understands clients’ unconventional and disruptive business models or features.’

‘Daniel Pardede has extensive experience in M&A and joint ventures in the TMT sector, and is commercially pragmatic with his regulatory advice and approach. He is supported by Adhika Wiyoso, whose commercial awareness and service levels are excellent.’

‘The team’s responsiveness to our requests are commendable.’

Key clients

CK Hutchison Holdings Limited, PT Hutchison 3 Indonesia

PT Dayamitra Telekomunikasi (Mitratel)


PT Telekomunikasi Seluler

PT XL Axiata Tbk

Work highlights

  • Representing CK Hutchison Holdings Limited and PT Hutchison 3 Indonesia (H3I) in relation to the Merger between PT Indosat Tbk and H3I.
  • Advised Mitratel as it debuted on Indonesia Stock Exchange (IDX) via initial public offering by issuing 23.4 billion shares to the public at IDR 800 per share.
  • Representing PT XL Axiata Tbk and Axiata Group Berhad, as its Indonesian local counsel, in relation to the potential acquisition of PT Link Net Tbk.

Hanafiah Ponggawa & Partners – Dentons HPRP

Hanafiah Ponggawa & Partners – Dentons HPRP handles a broad range of matters concerning data protection and regulatory compliance, and has recently bolstered its expertise in the entertainment sector. As part of the Dentons network, the team has the capability to assist high-profile clients on cross-border transactions, in collaboration with offices worldwide, the likes of which include Amazon Web Service, Cyber Logistic, and Experian PLC. Andre Rahadian, who advises on e-commerce and fintech matters, leads the practice alongside Fabian Buddy Pascoal and Maurice Maulana Situmorang. Erwin Kurnia Winenda and senior associate Mika Isac Kriyasa, who previously served as legal counsel at a media and broadcast company, are also key contacts in the group.

Practice head(s):

Andre Rahadian; Fabian Buddy Pascoal; Maurice Maulana Situmorang

Other key lawyers:

Mika Isac Kriyasa; Erwin Kurnia Winenda; Michael A. Kaihatu


‘Erwin Kurnia Winenda assisted my client for a crypto currency exchange business and Michael A. Kaihatu assisted my client for an app-based service provider. They were able to communicate clearly on a number of solutions to resolve the complex issues.’

Key clients

PT Bank Fama International

PT Telekomunikasi Indonesia International

Amazon Web Service

Experian PLC

PT Telekomunikasi Indonesia

PT Taspen (Persero)

Cyber Logistic


Lending Ark

Absolutely Digital Limited

Accial Capital Management LLC

Work highlights

  • Advised Amazon on its presence in Indonesia through the AWS data center.
  • Advised Experian PLC on data privacy issues.
  • Provided advice to Telin regarding its ongoing concerns of its business portfolio in Australia.

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills handles a wide range of cutting-edge IT and telecoms matters in Indonesia and is noted for its transactional capability, from joint ventures, investments and outsourcings to issues concerning data privacy, cybersecurity and fintech. Clients of the practice include tech giants, fintech and telecoms companies, and global TMT companies, including Telkom, Grab Holdings and LinkAja. Sakurayuki, who has demonstrable experience advising on high-value M&A transactions and regulatory matters in the telecoms sector, jointly leads the team alongside, Vik Tang, who focuses on equity funding and foreign investment transactions, particularly in the fintech and TMT sectors, and is praised as a ‘great asset’ to the practice.

Practice head(s):

Sakurayuki; Vik Tang

Other key lawyers:

Michelle Virgiany


‘HBT provides quick turnaround and practical advice during our transaction.’

‘Vik Tang and Michelle Virgiany have been great advisers in helping us understand and navigate complex, and often ambiguous, Indonesian regulation.’

‘Vik Tang is a great asset for HBT. He is very reliable in assisting our company during the M&A transaction.’

‘The team is very knowledgeable not only in the laws but also market practice. Their advice is technically sound and practical as they know the practices and risk appetite of the regulators.’ 

‘HBT is able to pull together teams, which make their advice thorough and pragmatic.’ 

‘Vik Tang is very competent and knowledgeable in market and regulatory practices. He is always generous with his time and knowledge.’

Key clients

Ant Group (through API (Hong Kong) Investment Limited and Taobao China Holding Limited)

PT Telkom Indonesia (Persero) Tbk (Telkom)

PT Telekomunikasi Selular (Telkomsel)

PT Indosat Tbk (Indosat)

PT Smartfren Telecom Tbk, part of Sinar Mas Group

PT Fintek Karya Nusantara (LinkAja)

PT Inti Bangun Sejahtera Tbk (IBST), part of Sinar Mas Group

Grab Holdings

Axiata Group Berhad / PT XL Axiata Tbk

PT Centratama Telekomunikasi Indonesia Tbk (CENT)

Work highlights

  • Advised The Carlyle Group and Southern Capital Group on the US$1.17 billion sale of their 94% stake in telecom tower company Solusi Tunas Pratama Tbk to Protelindo, in the largest telco deal in Indonesia in 2021.
  • Advised several key investors on the Tokopedia/GoJek merger to form the GoTo Group (the largest deal in Indonesia in 2021) and on GoTo Group’s US$1.3 billion pre-IPO fundraising, and advised the underwriters on the GoTo IPO.
  • Advised API (Hong Kong) Investment Limited (part of the Ant Group) on its pre-IPO investment into PT Tbk, and subsequently the IPO of PT Tbk – at US$1.51 billion.

SSEK Law Firm

SSEK Law Firm acts for start-ups and multinational companies on a broad range of IT, telecoms and fintech matters, such as advising on regulatory and licensing issues when entering the fintech market, as well as representing venture capital and private equity firms on their investments into Indonesia. Other key areas of expertise include the trading of crypto assets, initial coin offerings, peer-to-peer lending and regulatory advice on blockchain technology-based solutions, in addition to e-money and online payment services issues. Michael Carl, who had demonstrable experience advising on fintech-related transactions, jointly leads the ‘sophisticated practice’ alongside partner Winnie Rolindrawan, who focuses on mandates concerning e-money, payment gateways and fintech, while Fahrul Yusuf left the firm to EY Law in January 2022.

Practice head(s):

Winnie Y Rolindrawan; Michael S Carl


‘Sophisticated practice and team capable of providing high-quality advice to international clients inbound.’

‘Michael Carl is a key figure. He is very experienced and adept at interpreting local rules and regulations for international corporates and investors.’

‘Always provides good, practical advice in a difficult jurisdiction to operate.’

‘Michael Carl is very responsive and a good operator.’

Key clients


Indonesian Ministry of Communication and Informatics



Softbank Vision Fund

Grab Holdings Ltd.

Ping An




Work highlights

  • Advised PT Indosat Tbk on the establishment of a data center joint venture with Indosat subsidiary PT Aplikanusa Lintasarta and BDx Asia Data Center Holdings Pte. Ltd.
  • Acted as Indonesian counsel to assist Grab Holdings Inc. with its listing on Nasdaq through a merger with a Special Purpose Acquisition Company, Altimeter Growth Corp.
  • Advised Indonesia’s Ministry of Communications and Informatics (MOCI) on the preparation of the contract and preparations for the tender for the development of the first National Data Center.

Widyawan & Partners

Housing a team of ‘strong corporate and TMT advisers’, Widyawan & Partners standouts for its expertise in telecoms and digital infrastructure, assisting clients with M&As, joint ventures and consortia transactions, in addition to undertaking commercial contracting, from tower lease agreements to master services agreements and IT infrastructure agreements. Yolanda Hutapea, who ‘provides practical and thoughtful solutions, whilst being commercially-sensitive’, jointly leads the practice alongside Karen Phang, who has experience in the financial services, digital infrastructure and consumer services sector. Teguh Arwiko joined the team from Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills in May 2022 and advises on M&As and joint ventures in the technology sector. On account of its association with Linklaters, the practice is well-placed to advise on cross-border TMT transactions.

Practice head(s):

Yolanda Hutapea; Karen Phang

Other key lawyers:

Teguh Arwiko


‘Widyawan & Partners are strong corporate and TMT advisers.’

‘Yolanda Hutapea goes above and beyond for her clients and provides practical and thoughtful solutions whilst being commercially-sensitive.’

Key clients

EdgePoint Infrastructure


Hutchison 3

Macquarie Asset Management

The Walt Disney Company (Southeast Asia) Pte Ltd

PT Centratama Telekomunikasi Tbk

Affinity Equity Partners

Work highlights

  • Advised EdgePoint Infrastructure on its acquisition and takeover of PT Centratama Telekomunikasi Indonesia Tbk.
  • Advising Macquarie Asset Management via Macquarie Asia-Pacific Infrastructure Fund 3, as part of a consortium comprising Provident Capital and PT Saratoga Investama Sedaya Tbk., on its acquisition of a significant minority stake in Bersama Digital Infrastructure Asia Pte. Ltd for c.US$610m.
  • Advised PT Centratama Telekomunikasi Tbk and its subsidiaries in relation to a US$850 million equivalent syndicated financing for the purpose of financing the acquisition of shares in PT EPID Menara Asset Co.

K&K Advocates

Counting software and gaming developers, as well as social network service providers, among its key roster of clients, K&K Advocates is noted for its expertise in data protection issues, financial technology, media, telecoms and e-commerce matters. The practice has seen an increase in advisory work concerning the metaverse, non-fungible tokens and cryptocurrencies. Practice leader Danny Kobrata acts for domestic and international clients on privacy, e-commerce, advertising and telecoms mandates, and has demonstrable experience across the fintech, payments, application-based transportation, food and beverage, technology and gaming sectors. Key clients include Chelsea FC, InterContinental Hotel Group and Estee Lauder.

Practice head(s):

Danny Kobrata

Other key lawyers:

Ghifari Ananto Baskoro; Garindra Hutami Kusuma

Key clients

PT Telekomunikasi Indonesia Tbk (PT Telkom)

Chelsea FC PLC

PT Tirta Investama

PT Vivo Mobile Indonesia

Kawan Lama Group

PT Nestle Indonesia


ONE Championship

InterContinental Hotels Group

Estee Lauder


Work highlights

  • Advised PT Telkom on PeduliLindungi App and Big Data management.
  • Advised Chelsea FC PLC on advertising and technology-related regulatory compliance.
  • Advised PT Nestle Indonesia on compliance of personal data regulations.

Makarim & Taira S.

Makarim & Taira S. has demonstrable experience advising on M&As and joint ventures in the telecoms sector, in addition to handling the regulatory aspects of technological developments. Maria Sagrado, who acts for clients on peer-to-peer lending matters, jointly leads the practice alongside corporate and finance expert Frederick Simanjuntak, who handles finance transactions in the technology space. Hilton King remains a key contact in the team.

Practice head(s):

Maria Sagrado; Frederick Simanjuntak

Other key lawyers:

Hilton King

Key clients

Apis General Partner II LLP

PT Kreasi Teknologi Makmur

PT TDATA Indonesia

Field Fisher Waterhouse

Tilleke & Gibbins

Drew& Napier


Atsumi & Sakai

CODA Payments

Work highlights

  • Represented Apis General Partner II LLP in its investment in an Indonesian payment service company, PT Nusa Satu Inti Artha.
  • Represented PT Kreasi Teknologi Makmur in a share purchase transaction with Wirecard group companies (foreign entity shareholders) in its Indonesian entity.
  • Acting as Indonesian counsel, assisting a client with its global acquisition of a fund transfer global group, including conducting a due diligence on the Indonesian target.

Makes & Partners

Makes & Partners’ robust practice counts technology start-ups and established companies, as well as fintech entities, among its key roster of clients. According to one client, the practice’s ‘breadth and depth of experience in handling acquisitions and restructurings in the telecoms industry is unparalleled’. Founding and managing partner Yozua Makes, who advises on M&As in the TMT sector, jointly leads the team alongside Bernardus Billy, who focuses on international capital markets transactions. Both Billy and foreign counsel Kay Almajeda are ‘at the top of their field’.

Practice head(s):

Yozua Makes; Bernardus Billy

Other key lawyers:

Kay Almajeda; Tsaniya Ingrida; Rovan Gamaldi Saptari


‘The firm might be small but the breadth and depth of experience in handling acquisitions and restructurings in the telecoms industry is unparalleled.’

‘Bernardus Billy and Kay Almajeda. Both have the solid expertise and market knowledge to support to our legal needs. They are at the top of their field.’

Key clients

PT First Media Tbk

Asia Link Dewa Pte. Ltd

PT Fliptech Lentera Inspirasi Pertiwi

PT Profesional Telekomunikasi Indonesia (Protelindo)

PT Ajaib Teknologi Indonesia

PT Net Visi Media Tbk.

Gemini Trust LLC

Apex Fintech Solutions LLC

Boston Consulting Group

Work highlights

  • Advised (i) PT Mandiri Sekuritas (ii) PT BRI Danareksa Sekuritas as the Joint Lead Underwriters, (iii) Hongkong and Shanghai Banking Corporation Limited (Singapore Branch) (iv) J.P Morgan Securities PLC and (v) Morgan Stanley Asia (Singapore) Pte. Ltd as the International SellingAgents in the IPO of PT Dayamitra Telekomunikasi Tbk.
  • Assisted on the acquisition of 94.03% shares in PT Solusi Tunas Pratama Tbk by Protelindo.
  • Assisting First Media and Asia Link Dewa for the sale of its shares to Axiata, a Malaysian multinational telecommunications conglomerate.

UMBRA – Strategic Legal Solutions

UMBRA – Strategic Legal Solutions has experience across a broad range of telecoms and technology matters concerning satellite systems, data centres and digital services, as well as media and broadcasting. Managing partner Pramudya Oktavinanda leads the team alongside Putu Raditya Nugraha, who acts for financial institutions, technology companies and fintech entities on M&A transactions, and Ahmad Zakaria. The practice, which relies on the invaluable support of associates Andika Budi and Paula Aprijanto, counts Unilever, Dataxet and PT Telekom Indonesia (Persero), to name a few, among its key roster of clients.

Practice head(s):

Pramudya Oktavinada; Putu Raditya Nugraha; Ahmad Zakaria

Other key lawyers:

Andika Budi; Paula Aprijanto

Key clients

PT Telkom Indonesia (Persero) Tbk

PT Telekomunikasi Seluler

PT Dayamitra Telekomunikasi

PT Jalin Pembayaran Nusantara

Unilever Group

Dataxet Pte. Ltd

Equinix Pte. Ltd

Hewlett Packard Indonesia

Roove Tijara Indonesia

PT Telkom Data Ekosistem

Work highlights

  • Advised on a RP 4.7 trillion spin-off of PT Sigma Cipta Caraka’s (SCC) data centre asset to STS and new investment by Telkom in STS and SCC for the establishment of the largest data centre and IT services companies in Indonesia.
  • Advised on a strategic partnership between Microsoft Singapore and Telkom Indonesia.
  • Advised on a RP 16.48 trillion sale and leaseback transaction of 10,050 telecommunication towers of PT Telekomunikasi Selular.

Walalangi & Partners in association with Nishimura & Asahi

Walalangi & Partners in association with Nishimura & Asahi regularly acts for fintech companies and gaming developers, with demonstrable capability advising on matters concerning e-commerce, online platforms, data protection and peer-to-peer lending investments. On account of its association with Nishimura & Asahi, the practice is well-placed to assist on cross-border transactions. Luky Walalangi leads the team and focuses on M&As in the TMT sector, while Jeanne Elisabeth Donauw advises on Indonesian inbound investments.

Practice head(s):

Luky Walalangi

Other key lawyers:

Jeanne Elisabeth Donauw

Key clients

Cool Japan Fund


Denso Corporation

Dhost Telekomunikasi Nusantara, PT

Diamond Development Indonesia, PT

Essex Bio – Technology Limited

Family Mart Co., Ltd.

GS Yuasa Corporation

Haseko Corporation

Hitachi Transport System, Ltd.

Hokkan Holdings Corporation

Idemitsu Kosan, Co., Ltd.


Itochu Corporation

Junhe Law Office

Kobelco Group

List Holdings Singapore Pte., Ltd.

Lotte Co., Ltd.

Macallan Capital

Marubeni Corporation

Mitbana Corporation

Mitbana Jurong Pte., Ltd

Mitsubishi Corporation

Mitsubishi UFJ Lease & Finance

Mitsui & Co., Ltd

Mitsui Energy Trading Singapore

Misui Indonesia, PT

Mizuho Bank, Ltd


Nippon Steel Corporation

Orient Corp.

Osaka Steel Corporation

Otsuka Holdings Co., Ltd


Resona Bank, Japan

Resona Indonesia Finance, PT


Saint-Gobain Indonesia subsidiaries

Secom Co., Ltd.

Showa Denko

Showa Leasing Co., Ltd.

SMBC Nikko Securities Inc.

Squire Patton Boggs Singapore LLP

TIS Inc.

Tokyo Gas Corporation

Tokyo Tatemono

Toyota Tsusho Corporation



Yamaha Motor, Co., Ltd.

Yamaha Music Indonesia PT

Work highlights

  • Acting as counsel to Mitsubishi Corporation (MC) on various Indonesian regulatory matters in relation to smart urban facilities development.
  • Acting as counsel to Capcom Co., Ltd., a Japanese video game developer and publisher listed on the Tokyo Stock Exchange (CCOEF), on Indonesian regulatory matters relating to progressive business model development plan.
  • Acting as counsel to United Partners (Japan) Inc. on Indonesian regulatory issues relating to sport platform, e-game tournament, money prize structure, live-streaming arrangement, cryptocurrency and payment mechanism, electronic system registration requirements, as well as personal data privacy rules.