TLKM – Spent IDR33 tn of 2023' capex

TLKM – Spent IDR33 tn of 2023' capex Telkom Indonesia (TLKM) spent around IDR33 tn of its 2023' capex or around 22.1% of its total revenue in 2023. The spending was used for strengthening its network infrastructure as the company' strategy to optimize all networks' access, backbones, and IT systems, which to have better efficiency. Thus, the capex' spending was for its significant projects, such as the deployment of 4G and 5G transceiver base stations, the establishment of high-throughput satellites at orbital point 113 east, the construction of international submarine cables, and the development of hyperscale data centers in Cikarang and Batam. Note that, TLKM' revenue grew 1.30% yoy to IDR149.2 tn in 2023, and its 2023' net profit reached IDR24.5 tn (+18.34% yoy) in 2023. (Source : Bisnis Indonesia)