Shareholders of telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) will get dividends amounting to Rp15.26 trillion (US$1.09 billion) or Rp154.06 per share, said the company today (06/19) - Photo by the Company

JAKARTA (TheInsiderStories) – Shareholders of telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) will get dividends amounting to Rp15.26 trillion (US$1.09 billion) or Rp154.06 per share, said the company today (06/19). This amount represents 81.77 percent of last year’ net profit which reached Rp18.66 trillion.

The dividend amount consists of 60 percent in term of cash dividends and 21.78 percent as special dividends. The 2019′ profit grow 3.50 percent compared to previous year supported by net income which reached Rp135.56 trillion. The revenues was up 3.66 percent from 2018 number of Rp130.78 trillion.

Data, internet and information technology services revenues were the Telkom‘ main contributors with total amount Rp72.78 trillion from prior year of Rp65.55 trillion. The second largest contributor came from telephone revenues worth Rp27.97 trillion, which is Rp25.09 trillion mobile telephone and Rp2.88 trillion fixed telephone.

Last year, the provider has spent Rp36.59 trillion or 27.0 percent of total revenue for business expansion. Beside build new base transcievers, the company joined with private tower operator, PT Protelindo, have acquired 3.100 towers of PT Indosat Ooredoo Tbk (IDX: ISAT) for Rp6.39 trillion.

The publicly listed firm also injected more capital to its venture capital armed, PT MDI Ventures of $500 million to widens the digital business. Last year, said finance director of Telkom, Harry M. Zen, the operator prepared funds around Rp1 trillion to build new data centers. The company has acquired lands across the country for the planned.

The telecommunication and network provider currently owns and operates 11 data centers in Indonesia under its subsidiary PT Sigma Cipta Caraka, also known as Telkomsigma. In Singapore and Hong Kong, the operator owns four data centers under Telekomunikasi Indonesia International Pte. Ltd. (Telin Singapore).

He reported, the construction of the new data center its expecting starting this year and will be operated by Telkomsigma.  On Feb. 26, Chinese Huawei Technologies Co., Ltd., and Telkomsel have signed a memorandum of understanding to accelerate development of Digital Indonesia in Barcelona, Spain.

It said, both parties will cooperate to accelerate ecosystem and infrastructure development of fully connected digital in Indonesia. Through this agreement, both parties will develop Joint Innovation Center 5.0, digital services exploration and talent development to support the building of Digital Indonesia.

Telkom as a group managed six businesses portfolios such as mobile, fixed line, wholeshale & international, network infrastructure, enterprise digital, and consumer digital. The Government of Indonesia owned 52.09 percent of the company shares while the remaining 47.91 percent shares belong to public.

Telkom’ shares are traded on the Indonesian Stock Exchange and on the New York Stock Exchange, which lists it as TLM.

US$1: Rp14,000

Written by Staff Writer, Email: theinsiderstories@gmail.com