JAKARTA (TheInsiderStories) - PT Telekomunikasi Seluler (Telkomsel), will transform as a cellular and digital firm after sold 6,050 towers to its sister company, PT Dayamitra Telekomunikasi (Mitratel), said the management on Wednesday (10/21). The operator has obtained Rp10.3 trillion (US$700.68 million) from the transaction.
President Director of Telkomsel, Setyanto Hantoro, said in a written statement, the provider has around 18,000 of towers. All towers, he continued, will transfer in stages to other uni of PT Telkom Indonesia Tbk (IDX: TLKM), until completed at the end of the first quarter of 2021.
After the transaction occurred, Mitratel has the potential to become the largest tower company in Indonesia, with 34,025 towers. Director of Telkom, Budi Setyawan Wijaya, the corporate is part of the Telkom Group portfolio arrangement in order to optimize the businesses and assets.
While, deputy minister of state own enterprises (SOEs), Kartika Wirjoatmodjo said, “This is also part of a government initiative that seeks to restructure SOEs in returning the core business of each company and creating added value through a more ideal corporate structure.”
Last year, Chinese Huawei Technologies Co., Ltd., and Telkomsel signed a memorandum of understanding to accelerate development of Digital Indonesia in Barcelona, Spain. Both parties will cooperate to accelerate ecosystem and infrastructure development of fully connected digital in Indonesia.
Through this agreement, the two companies developed Joint Innovation Center 5.0, digital services exploration and talent development to support the building of Digital Indonesia. In 2018, Telkomsel worked with Huawei to migrate package quota management into the Unified Policy and Charging Controller through the Huawei SmartPCC solution.
While, recently, some media reported Telkomsel was interested in investing in a decacorn start-up, PT Aplikasi Karya Anak Bangsa, the operator of GoJek. Hantoro asserted, his office aims to maximize the company investment in digital ecosystem.
In 2019, digital business and a payTV provider with brand IndiHome become a locomotive driver of of Telkom revenues in the midst of disruptive and intense competition. The issuer posted a consolidated revenues of Rp135.57 trillion or grow 3.7 percent compared to 2018 and the net profit rose 9.5 percent to Rp18.66 trillion.
In the mobile segment, through Telkomsel, the company grabbed 171.1 million customers with 110.3 million mobile data users. It said, the growing need for data services amid the massive digital lifestyle has pushed data traffic to grow by 53.6 percent to 6,558 petabytes.
As a result, the cellular firm’ digital business revenues grew quite significantly by 23.1 percent to Rp58.24 trillion compared to previous year. The revenues contribution from digital business increased to 64 percent of the cellular provider’ total revenue, from 53 percent in 2018.
In 2019, the operator has built a new 23,162 4G LTE Base Transceiver Station (BTS) would reach more than 90 percent of the population. At the same year, its unit had a total of 212,235 BTS with 161,938 units including 3G/4G BTS. In the consumer segment, IndiHome‘ revenue rose 28.1 percent to Rp 18.3 trillion.
The number of customers grew by 37.2 percent to 7 million customers by the end of 2019. The enterprise segment also improved with revenue of Rp18.7 trillion and contributed 14 percent to consolidated revenue. While, the wholesale and international business segment’ revenue jumped 5.2 percent to Rp10.61 trillion, which contributed 8 percent to the consolidated income.
US$1: Rp14,700
Written by Editorial Staff, Email: theinsiderstories@gmail.com
