CEO of telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), Ririek Adriansyah, said would soon release a number of new platform to enter fifth generation (5G) network as part of the development of digitization program - Photo: Privacy

JAKARTA (TheInsiderStories) – CEO of telco operator, PT Telkom Indonesia Tbk (IDX: TLKM), Ririek Adriansyah, said would soon release a number of new platform to enter fifth generation (5G) network as part of the development of digitization program. Next, he said, the provider aimed to develop various digital platforms such as big data, internet of things, and other platforms.

To support the targets, the state firm prepared a capital expenditure budget around 25 percent of last year’ revenues. Until September 2020, the company has booked a net revenues Rp99.94 trillion (US$7.14 billion). Around 40 percent of the funs, he adds, will be spend for the development of the mobile segment.

Since 2019, Telkom has develop data centers across the archipelago. For this program the operator allocated Rp1 trillion. The telecommunication and network provider currently owns and operates 11 data centers in Indonesia under its subsidiary PT Sigma Cipta Caraka.

The unit has more than 283 clients from various industries dominated by the banking and financial services sector. In Singapore and Hong Kong, the operator owns four data centers under Telekomunikasi Indonesia International Pte. Ltd.

In June 2020, the issuer has released a digital platform product, namely PaDi UMKM (UMKM Digital Market). The group also involved in the One Data System which is able to detect people who have been given the COVID-19 vaccine.

For the record, the PaDi platform is a digital platform that brings together micro, small, and medium enterprises (MSMEs) and state-owned enterprises (SOEs) to optimize, accelerate and encourage efficiency of shopping transactions for MSMEs, as well as expand and make it easier to access the financing.

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

Last year, Telkom 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 telco and network provider currently owned and operated 11 data centers in Indonesia under its subsidiary TelkomSigma.

In Singapore and Hong Kong, the operator owned four data centers under Telekomunikasi Indonesia International Pte. Ltd. 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 its unit, PT Telekomunikasi Selular 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.

As a group, Telkom managed six businesses portfolios such as mobile, fixed line, wholesale & 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.

The company 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 Editorial Staff, Email: theinsiderstories@gmail.com