Research · Sep 3, 2026
Telkom Indonesia 2025-26: Multi-Segment Telecom + Digital Anchor
PT Telekomunikasi Indonesia Tbk (TLK) is Indonesia's largest integrated telecom + digital infrastructure anchor; state-owned strategic enterprise (~52% Government of Indonesia ownership). FY24 (latest comparable in dataset) revenue IDR ~149.97T (~$9.5B USD); op income IDR 43.01T (~28.7% margin); NI IDR 23.61T; EPS IDR 23,873 (~$1.50 USD). FCF IDR 31.94T (~$2.0B USD). Five primary business segments: Mobile (Telkomsel JV with SingTel — Indonesia's #1 mobile operator); Fixed Broadband (IndiHome FTTH expansion); Enterprise + Wholesale (B2B services); Data Center + Cloud + Digital (multi-year capacity build); Mitratel tower subsidiary. Capex IDR -29.66T FY24 (~$1.9B USD) for 5G + fiber + data center investment. Total debt IDR 76.83T (+13% YoY). Dividend IDR -17.68T (+7%). Note: FY25 numbers + Q4 2025 earnings call transcript not available in source dataset; analysis based on FY24 filings + Indonesia telecom market dynamics + general industry context. Investors should review Telkom Indonesia FY25 annual report for current detailed financials.