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TLKM – Positive Outlook on Cellular and Digital Business

  • Author
  • Recent Posts
Samuel Glenn Tanuwidjaja
Samuel Glenn Tanuwidjaja
Analyst - Telco, Mining
Samuel Glenn Tanuwidjaja
Latest posts by Samuel Glenn Tanuwidjaja (see all)
  • TLKM – Positive Outlook on Cellular and Digital Business - December 3, 2021
  • ANTM – Solid Earnings Driven by Stable Gold Price - December 1, 2021
  • INCO – Solid Earnings Supported by Global Nickel Price - November 10, 2021

TLKM displayed positive performance on multiple revenue streams in 9M21. Data and internet segment posted +6.1% YoY growth to IDR 60,245 billion, supported by strong market share (59.2% of total domestic market) and steady growth of subscribers (2.2% YoY) to 173.5 million. Furthermore, IndiHome segment increased by 21.9% YoY to reach IDR 19.6 trillion. Also, traffic data increased 50.4%YoY to 9.812 Petabytes.

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