Telkom to invest USD2bn in 2010

3 Nov 2009

Dow Jones Newswires reports that Indonesia’s largest telecoms operator by subscribers and revenues, PT Telekomunikasi Indonesia (Telkom) plans to increase its capital expenditure to USD2 billion next year, to develop and expand its business. Telkom Finance Director Sudiro Asno told reporters the firm is looking to issue up to IDR3 trillion (USD310 million) in local bonds to help finance the CAPEX in the second quarter of 2010, the proceeds of which will be used to support the company’s net profit growth target of above 5% for next year. ‘We also expect our revenue to grow by a single digit (between 1% and 9%) next year,’ Asno said, adding that higher cellular subscribers expectations for 2010 will support the revenue growth. The operator is targeting at least ten million net mobile subscriber acquisitions in 2010.

Indonesia, Telkom Indonesia