PT Telekomunikasi Indonesia Tbk (IDX: TLKM) stopped the operation of the e-commerce platform, Blanja.com as part the company' transformation program - Photo by the Company

JAKARTA (TheInsiderStories) – Telco provider, PT Telekomunikasi Indonesia Tbk (IDX: TLKM) stopped the operation of the e-commerce platform, Blanja.com as part the company’ transformation program, said the director on Wednesday. The unit was established on Sept. 17, 2012.

The director, Fajrin Rasyid explained, after closed the e-commerce apps, now the issuer will focus on the e-commerce platform for corporate, micro, small, and medium (MSME) segments through business to business transactions. He said, to run the planned, the company has created Digital Market (PaDi) with eight state-owned enterprises (SOEs).

The eight SOEs are PT PP Tbk (IDX: PTPP), PT Waskita Karya Tbk (IDX: WSKT), PT Wijaya Karya Tbk (IDX: WIKA), PT Pupuk Indonesia, PT Pertamina, PT Bank Rakyat Indonesia Tbk (IDX: BBRI), PT Pegadaian, and PT Permodalan Nasional Madani (PNM) as top pilots in eight groups of MSME activities, including the Creative House and the Community Development Center. Acted as financing institutions BBRI, Pegadaian, and PNM.

In Indonesia, there are currently no less than 23 million MSME players and 17,000 are under eight BUMN. Gradually it is expected that the MSMEs can join PaDi and become BUMN vendors.

Last year, the provider has spent Rp36.59 trillion or 27.0 percent of total revenue for business expansion. Beside build new base transceivers, 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. 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). 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. 

Blanja.com is actually a joint-venture company between Telkom Indonesia and United States’ eBay, with the concept of being an online marketplace. The company under PT Metra Plasa, has more than thousands of merchants that offered various products from various categories they have.

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 Telkom 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.

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