TLKM – To remain focus on data center expansion

Telkom Indonesia (TLKM) reiterates commitment to further expand its data center business this year. Data center business, that sits under Telkom Sigma, is estimated to grow at around 26% yoy this year in line with accelerating digital economy that will boost hyperscaler, domestic digital players and improving enterprise segment. In the future, TLKM eyes to expand into SEA market. (Source : Kontan) Comment: Data center expansion is among TLKM's agenda to further develop enterprise business as well as venue of diversification. Although data center business may take substantial proportion in its capex, we believe that it will generate more stable and certainty for the revenue stream. As data center business remains nascent in Indonesia, it will also bring enormous opportunity to grow in the future.