AlamatFor 90% of people living in emerging markets, the promise of high-speed internet is a pipe dream. They have limited cellular data budgets and no wireline internet. Their access to data is limited to the most basic functionality. They are not able to participate in the rich data experience of the 10% who has real-time access to virtually any service available at their fingertips.
At Migo, we level the digital playing field for 3 billion consumers by bringing the best bits of the internet to the corner store. Our disruptive tech solution, created by Kindle tech inventor Barrett Comiskey, provides affordable access to Entertainment, Education, Financial Services, and other digital products and services.
Backed by Temasek, blue chip VCs and key industry insiders, Migo delivers data up to 100 times cheaper than existing networks, and that cost advantage is growing. This allows us to deliver unlimited data consumption to mass market consumers at sachet (pre-paid, small denomination) price points.
We launched in Indonesia in 2020 and currently have 1,300 MDS locations and are rapidly scaling. In September 2021, MNC Vision Networks (MVN), a subsidiary of leading media conglomerate MNC Group, invested $40 million for a minority stake in Migo Indonesia, accelerating our rollout to reach 100 million Indonesians across Java, the world's most populous island.
