TLKM posted -0.7% YoY top-line decline in 1Q21, as revenues from non data segment softened. However, revenue from IndiHome and internet data remained solid with +25.0% YoY and +2.2% YoY growth. Financial costs fell 19.2% YoY resulted in strong NPM at 17.7%. TLKM is currently building a Data Center in West Java, which can potentially be the new growth driver moving forward.
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