TLKM - Identifies new growth sources for future expansion

TLKM - Identifies new growth sources for future expansion Telkom Indonesia (TLKM) is expanding its growth potential through its transformation into a digital telco company, tapping into the AI sector, which is estimated to have a market potential of USD4 bn in Indonesia. As part of its strategic roadmap, Telkom focuses on four key areas: infrastructure, integrated B2B services, B2B IT services, and new ventures through direct initiatives or partnerships with startups. The company continues to strengthen its infrastructure services like IndiHome and Telkomsel while offering integrated B2B solutions, including applications, gaming, music, and video services. Telkom sees AI as a major opportunity to accelerate business models and corporate or government operations. Note that, TLKM’ revenue grew 0.88% yoy to IDR112.2 tn in 9M24, but new profit declined 9.33% yoy to IDR23 tn. (Source : Investor Daily)