Telkom's sales up, profits down

28 Oct 2011

The largest telecoms operator in Indonesia by subscribers and revenues, Telkom Indonesia has posted sales of IDR51.3 trillion (USD6 billion) for the first nine months of 2011, up 3.3% year-on-year. Turnover was boosted by a significant rise in mobile subscribers over the period, from 93.1 million to 104.1 million. However, net income slipped almost 7% to IDR8.3 billion on the back of higher costs, including IDR692 billion of non-recurring payments to some employers to take early retirement. Telkom is reportedly still hopeful of raising its stake in Telkomsel to 100%; to do so it would need to agree terms with SingTel for the purchase of the Singaporean company’s 35% holding in the wireless operator.

Indonesia, Telkom Indonesia, Telkomsel (Telekomunikasi Selular)