PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK Business Summary

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom) operates a multi-layered revenue model primarily driven by subscription-based connectivity and high-margin B2B digital services. Its core business is structured into five segments: Mobile (Telkomsel), which remains the primary revenue engine; Consumer (IndiHome), now integrated into Telkomsel to spearhead Fixed-Mobile Convergence (FMC); Enterprise, focusing on cloud, data centers (NeutraDC), and cybersecurity; Wholesale and International Business (WIB); and Digital Business. As the dominant market leader with approximately 45% mobile and 66% fixed broadband share, Telkom maintains a superior infrastructure advantage over its primary competitors, Indosat Ooredoo Hutchison (IOH), XL Axiata, and Smartfren, positioning itself as the central enabler of Indonesia's digital economy. Established as a state-owned enterprise in 1991, Telkom is currently led by President Director Dian Siswarini, a seasoned telecommunications veteran and ITB alumna who previously served as the CEO of XL Axiata. The executive team includes Vice President Director Muhammad Awaluddin and CFO Arthur Angelo Syailendra, a Stanford and University of Michigan graduate with a pedigree in investment banking at Morgan Stanley and private equity. Oversight is provided by President Commissioner Angga Raka Prabowo, who also serves as the Vice Minister of Communication and Digital. The Government of Indonesia retains a 52.09% majority stake, while significant institutional backing is provided by global entities including The Vanguard Group, BlackRock, and JPMorgan Asset Management.