Next Generation Partners

Firms To Watch: IT, Telecoms and Fintech

Oentoeng Suria & Partners in association with Ashurst combines capital markets expertise with experience in the fintech and tech sectors to advise both Indonesian and international clients in these spaces on their fundraising mandates.
Roosdiono & Partners (a member firm of the KPMG Law network) advises both venture capitalists, private equity, and other investors seeking to enter the Indonesian tech market, and tech start-ups and other new platforms seeking to secure such investment.
Advising both international and domestic clients, the team at TNB & Partners in association with Norton Rose Fulbright specialises in handling the full range of data protection mandates as they relate to the Indonesian market.
Led by Ken Prasadtyo and Melissa Butarbutar, TnP Law Firm has a particular strength in handling corporate and capital market transactions in relation to telecom infrastructure.

Firms in the Spotlight IT, Telecoms and Fintech

Makes & Partners

Makes & Partners logo

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

ABNR Counsellors at Law advises across a range of matters in the TMT space, with experience handling data protection, compliance, IP, finance, M&A, FDI, and competition mandates for both domestic and multinational clients across telecoms, e-commerce, fintech, and tech. The firm has additional capabilities in satellite financings and procurement and assists international media clients with their media, corporate, and employment matters. Agus Ahadi Deradjat heads the practice, advising blue-chip technology and social media companies on both routine TMT matters and work relating specifically to their Indonesian operations, and is also noted for his work in the telecoms and data privacy space. Emir Nurmansyah, and Adri Dharma advise multinational social media clients. Ayik Candrawulan Gunadi regularly advises on telecoms infrastructure projects.

Practice head(s):

Agus Ahadi Deradjat

Other key lawyers:

Emir Nurmansyah; Adri Dharma; Ayik Candrawulan Gunadi

Key clients


International Finance Corporation

Sinar Mas Group

PT Moladin Digital Indonesia

Ericsson AB


PT XLAxiata Tbk

Work highlights

  • Advising Mitratel on their notification of an asset acquisition to the KPPU for their $137m acquisition of 997 towers.
  • Advised Sinarmas Group on their $250m investment in the Indonesian fintech company DANA.
  • Advised PT PT Moladin Digital Indonesia on their approximately $32m credit facility from technology-focused lender PT Bank Jago Tbk.

Assegaf Hamzah & Partners

Assegaf Hamzah & Partners combines its regulatory and finance sector expertise with experience relating to tech, providing a full suite of TMT-related services across data protection, cybersecurity, telecoms, compliance, and more corporate work such as M&A, merger control, and finance. Zacky Zainal Husein heads the TMT practice, working across the full spectrum of matters for major multinational and domestic Indonesian companies. Indira Yustikania is the key contact in the firm for fintech matters as the lead partner on this work, but Muhammad Iqsan Sirie is similarly of note for work in the crypto space in addition to his specialism in data protection and cybersecurity.

Practice head(s):

Zacky Zainal Husein; Indira Yustikania

Other key lawyers:

Muhammad Iqsan Sirie


‘Given their size, they can afford to do multiple practice areas that are quite specialised and in depth.’

‘The firm is thorough and efficient in their research, and their opinions are straightforward, legally sound and timely delivered. I will most definitely use them again in the future.’

Key clients

PT GoTo Gojek Tokopedia


PT Fintek Karya Nusantara

PT XL Axiata Tbk

Capgemini Group

PT Genomik Solidaritas Indonesia

Erajaya Swasembada

HSBC Indonesia


Work highlights

Bagus Enrico & Partners (BE Partners)

Bagus Enrico & Partners (BE Partners) assists a number of blue-chip and multinational tech clients in respect of their Indonesian mandates, advising them on the regulatory and compliance issues relating to new products and services. The firm acts across a range of different sectors within the tech space, advising on social media, ecommerce, data protection, blockchain, and digital assets. Founding partner Enrico Iskandar is active across the full gamut of TMT matters, advising clients in relation to issues of telecoms, satellite, data privacy, payment services, cloud data, ecommerce, and supply chain. Bagus Nur Buwono has a similarly broad practice, as does Debu Batara Lubis, and both are key contacts for this area.

Practice head(s):

Enrico Iskandar; Bagus Nur Buwono; Debu Batara Lubis


BE Partners are a safe pair of hands for Indonesian market deals.

Key clients

Atos IT GmbH

Microsoft Corporation


Doctor Anywhere

Facebook, Inc



British Broadcasting Corporation (BBC)

HMD Global

NBC Universal



Zurich – Livewell

Doctor Care Anywhere Ltd




SUOL Innovation (Indriver)




Work highlights

Ginting & Reksodiputro in association with A&O Shearman

Ginting & Reksodiputro in association with A&O Shearman offers TMT clients a wide range of corporate and capital market services, with established capabilities in M&A, joint ventures, restructurings, disposals, and general antitrust, commercial, and corporate governance issues. Drawing on the wider network of A&O Shearman, the firm is well-placed to serve clients with operations across Indonesia, Singapore, the UK, and the US. The firm also has significant TMT experience, acting across digitalisation, ecommerce, fintech, and data security mandates. Harun Reksodiputro practices across the full range of corporate and commercial law, which he applies to his work in the TMT, fintech, and infrastructure sectors. Sugianto Osman has similar experience in addition to capital markets expertise.

Practice head(s):

Harun Reksodiputro; Sugianto Osman

Key clients

EdgeConneX Inc.

Go-Venture Investments Pte

PT XL Axiata Tbk

Work highlights

  • Advised EdgeConneX Inc. on its acquisition of Graha Teknologi Nusantara and the subsequent development of an up to 90+MW hyperscale data center in Indonesia.
  • Advised Go-Ventures, on its Series B investment in
  • Advised PT XL Axiata Tbk, on its acquisition of PT Link Net Tbk.

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

Hadiputranto, Hadinoto & Partners, a member firm of Baker McKenzie provides an ‘unparalleled depth of skill in the Indonesian legal market‘ for clients in the tech space, covering a vast array of matters such as market entry, regulatory and compliance advice, corporate, IP issues, and work relating to telecoms and tech infrastructure as well as privacy. The firm is able to draw upon Baker McKenzie’s global reach to assist clients in providing seamless instruction on complex cross-border work, and is otherwise noted for its  fintech expertise across crowdfunding, e-payment, crypto, digital banking, and insuretech. Erwandi Hendarta, Daniel Pardede, Mahardikha Sardjana, and Iqbal Darmawan all possess extensive expertise corporate, finance, and capital markets expertise which they bring to their IT, telecoms, and fintech practices.

Practice head(s):

Erwandi Hendarta; Daniel Pardede; Gerrit Jan Kleute; Mahardikha Sardjana

Other key lawyers:

Iqbal Darmawan


‘The group has an unparalleled depth of skill in the Indonesian legal market, delivered by a team of genuinely good people. They are always responsive and able to meet tight deadlines.’

‘The team have consistently demonstrated an impressive ability to handle complex and sophisticated legal matters that we frequently come across in the technology businesses. They managed to combine legal acumen with a strong commercial understanding, providing practical solutions that align with our business goals.’

‘Daniel Pardede has proven expertise in handling complex matters in the realm of technology and financial technology businesses. His ability to provide practical solutions and strategic advice has been very helpful.’

Key clients

Lazada South East Asia

PT XL Axiata Tbk

Axiata Group Berhad

Work highlights

  • Representing Lazada in its proposed investment in a holding company of PT Espay Debit Indonesia Koe that holds e-money, e-wallet and remittance licenses from Bank Indonesia.
  • Representing Lazada in relation to the acquisition of minority stake in PT Smartfren Telecom Tbk from Sinarmas group.
  • Represented PT XL Axiata Tbk and Axiata Group Berhad in the acquisition of PT Link Net Tbk for $600m.

Hanafiah Ponggawa & Partners – Dentons HPRP

Hanafiah Ponggawa & Partners – Dentons HPRP covers a wide range of work for both Indonesian companies and international companies from the US and EU seeking to establish themselves in the Indonesian market, with capabilities that span M&A, IPO, real estate, and advisory. Cross-border mandates are a particular strength of the firm with its ability to leverage the global footprint of the Dentons network, and the firm has correspondingly attracted a number of multinational players in the tech space. Andre Rahadian heads up the group's TMT offering, bringing his in-depth experience of handling corporate matters to his rapidly developed IT and telecoms practice. Mika Isac Kriyasa is also of note, with specialisms in data protection and fintech.

Practice head(s):

Fabian Buddy Pascoal; Andre Rahadian; Maurice Maulana Situmorang; Mika Isac Kriyasa

Key clients

Amazon Web Services

PT ABB Sakti Industri

Twitter Inc

Yahoo! Singapore Digital Marketing Pte Ltd

Asosiasi Fintech Indonesia



iHerb, LLC

Intesa Sanpaolo

Jetbrains s.r.o.

PT Zona Edukasi Nusantara

Universal Music Group

PT Dayamitra Telekomunikasi Tbk. (Mitratel)

Work highlights

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills

Hiswara Bunjamin & Tandjung in association with Herbert Smith Freehills is particularly strong in respect of its telecoms offering, advising on the most high-profile corporate, M&A, and capital market transactions in telecoms and related infrastructure in the Indonesian market. The firm also has a growing presence in the fintech space, where it is similarly capable of providing cross-practice services to advise on complex transactional mandates. Sakurayuki heads the TMT practice, working on FDI, infrastructure, competition, M&A, and corporate matters in regard to the telecoms industry. Vik Tang straddles M&A and capital markets in advising both telecoms and fintech sector clients. Seconded Herbert Smith Freehills LLP partner David Dawborn and seconded counsel Michelle Virgiany have equally broad practices, while Abimata Putra is more focussed on fintech.

Practice head(s):


Other key lawyers:

Vik Tang; David Dawborn; Michelle Virgiany; Abimata Putra

Key clients

Ant Group

API (Hong Kong) Investment Limited


PT Telkom Indonesia (Persero) Tbk (Telkom)

PT Telekomunikasi Selular (Telkomsel)

PT Indosat Tbk

PT Smartfren Telecom Tbk

PT Fintek Karya Nusantara (LinkAja)

PT Inti Bangun Sejahtera Tbk (IBST)

Grab Holdings

Axiata Group Berhad

PT XL Axiata Tbk

PT Tbk

Work highlights

  • Advised Singtel on the spin-off of Telkom’s fixed broadband business into Telkomse, with a potential total transaction value of $3.9bn.
  • Advised Axiata Group Berhad and its Indonesian subsidiary PT XL Axiata Tbk on their $847m acquisition of a majority stake in PT Link Net Tbk.
  • Advised Ant Group on the restructuring of its investment in DANA, involving other shareholders such as Sinar Mas, Lazada and Emtek.

SSEK Law Firm

SSEK Law Firm has a particular strong offering regarding data centres, advising public and private bodies in respect of the development, operation, and sale of data centres in the region. This service comes alongside a number of other capabilities in the IT, telecoms, and fintech industries, with the firm assisting international and domestic clients on regulatory and corporate matters relating to market entry, new products, general operations, and business critical transactions. Foreign legal advisor Michael Carl is expert in fintech transactions as is Winnie Rolindrawan, while Syahdan Z. Aziz is active in cryptocurrency and data protection. Nico Mooduto is a key contact for the firm’s data centre work.

Practice head(s):

Michael Carl; Winnie Rolindrawan

Other key lawyers:

Syahdan Z. Aziz; Nico Mooduto


SSEK stands out for its innovative approach to collaboration and technology integration. Unlike other firms, their team’s strength lies in its diverse backgrounds and skillsets, giving their clients an advantage in tackling complex problems from various perspectives.

At SSEK, the individuals we work with truly stand out due to their exceptional legal expertise, unwavering dedication to clients, and innovative problem-solving capabilities. What sets them apart from competitors is their unique combination of skills, collaboration, and commitment to excellence.’

Key clients






Grab Holdings Ltd.

Alibaba Cloud

Work highlights

  • Assisted and advised GDS on a greenfield data centre project in Batam, Indonesia.
  • Advised PT Indosat Tbk on a $300m joint venture with its subsidiary PT Aplikanusa Lintasarta and Big Data Exchange to establish a new data center operation.
  • Assisted a crypto brand in the Philippines with the establishment of a local company in Indonesia to operate as a crypto physical trader under Indonesian law.

Widyawan & Partners

Widyawan & Partners assists clients across the full sweep of matters, advising on M&A and joint ventures for digital infrastructure, covering transactional and regulatory aspects of fintech, and utilising the capabilities of Linklaters in handling data privacy concerns. The firm is noted for its ‘good on-the-ground knowledge and familiarity with local law developments and processes‘ which is combined with the wider reach through its association to provide strong cross-border capabilities. Yolanda Hutapea uses her expertise as head of the corporate practice to advise across TMT, infrastructure and financial services, much like Karen Phang and Teguh Arwiko.

Practice head(s):

Yolanda Hutapea; Karen Phang; Teguh Arwiko


Good on-the-ground knowledge and familiarity with local law developments and processes.

Responsive, calm under pressure and very approachable team. Yolanda Hutapea in particular stands out for her breadth of expertise and local knowledge.’

Key clients

Macquarie Asset Management


UOB Venture

PT Centratama Telekomunikasi Indonesia Tbk

Work highlights

  • Advised MAM as part of a consortium on its acquisition of a significant minority stake in Bersama Digital Infrastructure Asia Pte. Ltd. for $610m.
  • Advised Microsoft on its strategic partnership agreement with Telkom.
  • Advised a global gaming arena company on its buyout of 50% shares in another gaming arena company in Indonesia.

K&K Advocates

K&K Advocates primarily provides clients with advisory and compliance work, advising around data issues including data protection, transfer agreements, data collection, and other regulatory aspects. With a strength in acting in relation to issues pertaining to the digital industry, the firm has a range of clients that are a combination of both typical TMT operators as well as from sectors seeking to incorporate technology into their operations. Danny Kobrata is the key contact as the head of the firm’s practice for this work.

Practice head(s):

Danny Kobrata


‘Understand client needs and adapt the working methods accordingly.’

‘Have in-depth knowledge regarding the problems faced by clients, and are able to provide opinions with clear explanations that clients can understand.’

‘Their attentive approach enhances our experience in working with their team. One element that we genuinely value is their adept combination of legal expertise and a strong grasp of the relevant industries in Indonesia, resulting in practical solutions that precisely match our needs.’

‘Danny Kobrata has demonstrated expertise in managing complex issues within the realm of intellectual property rights law in Indonesia. His capability to offer pragmatic solutions and strategic insights has proven beneficial.’

Key clients

UD Trucks Corporation

PT Toyota Astra Motor

Kawan Lama Group

PT Telkom Indonesia (Persero) Tbk

Telkom Data Ekosistem

PT Andalan Inovasi Indonesia (Igloo)

PT Sigma Cipta Caraka

PT Global Media Visual


PT Djarum

PT Mitsubishi Motor Krama Yudha Sales Indonesia

PT Vivo Mobile Indonesia

PingPong Global Solutions Inc.

ByteDance Ltd.


Work highlights

  • Advised Bytedance on legal compliance issues on the operation of its communication platforms.
  • Advised Zoom on telecommunications licensing and regulatory compliance matters in Indonesia.
  • Represented PT Telkomsigma on contract negotiation for $33.7m procurements of IT platform for one of its customers.

Makarim & Taira S.

Makarim & Taira S. is active in the deregulation of the Indonesian telecoms industry, advising clients on the regulatory aspects of new technological developments, and otherwise is noted for its offering in the finance space in relation to novel payment services. Maria Sagrado coheads this work with a particular specialism in structuring foreign investment and financial transactions, representing investors from China, US, UK, Singapore, and the EU. Frederick Simanjuntak is the other co-head, acting for numerous fintech start-ups on regulatory issues and cross-border transactions. Stephanie Kandou is also of note.

Practice head(s):

Maria Sagrado; Frederick Simanjuntak

Other key lawyers:

Stephanie Kandou

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

Comba Telecom Systems Holdings Limited

Razer Merchant Services Sdn. Bhd.

Work highlights

Makes & Partners

Makes & Partners combines an expertise in capital markets, where it provides a full suite of related services, with sector expertise relating to telecoms and fintech; the firm is accordingly active in advising a number of Indonesian-based clients in the crypto and telecom infrastructure spaces in their IPOs, bond issuances, and related mandates, while also providing advisory services in relation to the launch of new fintech projects. Yozua Makes is noted for his experience in acting across fintech and TMT sectors, while Iwan Setiawan lends his expertise as the lead of the capital markets practice. Bernardus Billy is the other key contact with a specialism in the fintech industry.

Practice head(s):

Yozua Makes; Bernardus Billy

Other key lawyers:

Iwan Setiawan


They are keen to take into account business needs in their handling of our transactions. Their advice is always solid and reliable, which is rooted from their deep expertise in the market coupled with strong legal skills of the lawyers.’

‘To say that they are well-versed in the legal and regulatory landscape in Indonesia is an understatement.

Key clients

PT First Media Tbk.

Asia Link Dewa Pte. Ltd.

PT Profesional Telekomunikasi Indonesia

PT Bali Towerindo Sentra Tbk.

Venezio Investments Pte. Ltd.

PT Mora Telematika Indonesia Tbk.

PT Multipolar Technology Tbk.

Kohlberg Kravis Roberts & Co. L.P.

PT Horizon Internusa Persada (Travelio)

Ajaib Group

PT Fliptech Lentera Inspirasi Pertiwi

Boston Consulting Group

PT Lasmana Swasti Prashida

PT Technindo Global Fortace

Temasek Capital Management Pte. Ltd., through Dahlia Investments Pte. Ltd.

PT Profesional Telekomunikasi Indonesia (Protelindo)

PT Net Visi Media Tbk.

Gemini Trust LLC

Apex Fintech Solutions LLC

Work highlights

  • Advised PT Global Digital Niaga Tbk on its IPO.
  • Advised PT Profesional Telekomunikasi Indonesia for its offer and sale of a continuous public offering of shelf-registered bonds valued $337m.
  • Advised PT Bali Towerindo Sentra Tbk. in the issuance of Sukuk shelf public offering of Bonds with the remaining ijarah fee of $132m.

UMBRA – Strategic Legal Solutions

UMBRA – Strategic Legal Solutions has experience across the whole gamut of telecom and tech industries, providing corporate and regulatory advice to a number of high-profile Indonesian clients in this space. Pramudya Oktavinanda is a key contact, bringing his substantial experience across the full range of corporate, capital markets, and regulatory services to his work for TMT sector clients. Ahmad Zakaria focuses on capital markets and state-owned enterprises, while Putu Raditya Nugraha has an emphasis on financial services and fintech work.

Practice head(s):

Pramudya Oktavinanda; Ahmad Zakaria; Putu Raditya Nugraha

Key clients

Equinix Inc.

PT Dayamitra Telekomunikasi

PT Kereta Api Indonesia (Persero)

PT Metra Digital Investama

PT Telekomunikasi Seluler (Telkomsel)

PT Telkom Data Ekosistem (TDE)

PT Telekomunikasi Indonesia (Persero) Tbk (Telkom)

Work highlights

  • Representing PT Telekomunikasi Indonesia (Telkom) in its proposed spinoff of Indihome’s consumer broadband business to PT Telekomunikasi Selular (Telkomsel).
  • Advised on the spin-off of and investment in PT Sigma Cipta Caraka’s data center asset to P Telkom Data Ekosistem.
  • Advising PT TelekomunikasiSelular (Telkomsel) on the sale and leaseback of 6,000 telecoms towers to PT Dayamitra Telekomunikasi Tbk. (Mitratel).

Walalangi & Partners in association with Nishimura & Asahi

Walalangi & Partners in association with Nishimura & Asahi has a strong TMT offering that covers a broad spectrum of relevant services and is active across fintech, IT, and telecoms in advising clients on regulatory, corporate, and data protection issues. While the firm has a particular strength in advising companies seeking to establish themselves in Indonesia from Japan through its association with Nishimura & Asahi, it also sports a wider geographical reach through its client base. Luky Walalangi heads up the practice, using his real estate, M&A, and finance expertise to assist his numerous multinational tech clients. Miriam Andreta, Jeanne Elisabeth Donauw, and Hans Adiputra Kurniawan are also key contacts for this work.

Practice head(s):

Luky Walalangi

Other key lawyers:

Miriam Andreta; Jeanne Elisabeth Donauw; Hans Adiputra Kurniawan

Key clients

AEL Indonesia, PT

Bank of Ayudhya Thailand

Casio Co., Ltd.

Colliers International

Cool Japan Fund


Deel Inc.

Denso Corporation

Dhost Telekomunikasi Nusantara, PT

Diamond Development Indonesia, PT

Digital Payments Holdings, Pte., Ltd.

Essex Bio – Technology Limited

Family Mart Co., Ltd.

Geo Technologies, Inc.

Global AI Innovations Laboratory Co., Ltd. (Gailabo)

Google Inc.

Google Indonesia

GS Yuasa Corporation

Hankyu Hanshin Properties Corp.

Haseko Corporation

Hitachi Transport System, Ltd.

Work highlights

  • Advising Mitsubishi Corporation on the project development of smart urban facilities, through joint venture and acquisition with Sinar Mas Land.
  • Advosomg PT Dhost Telekomunikasi Nusantara in its IDR 480bn acquisition of indoor telecommunication infrastructure assets and IDR 1.25tn lease-back.
  • Assisting Roblox Corporation in managing legal matters of its fintech activities in Indonesia.