PT Link Net Tbk (LINK) has reported its performance for the third quarter of 2024, achieving 4.03 million home passes through its fiber-to-the-home (FTTH) network. According to Chief Sales & Marketing Officer Ronald Chandra Lesmana, the company added 482,000 home passes during this period.

"We are optimistic that by increasing the number of home passes in the coming year, along with Link Net's business transformation into a fiber core, we will achieve greater success," Ronald stated during an online public presentation, as reported by SWA.co.id (3/2/2025). He added that this expansion is expected to serve as a long-term investment for the company.

After shifting its focus from fixed broadband services to fiber optic network development, Link Net now positions itself as an infrastructure provider with an open-access model. "We will monetize our existing network through open access and implement new technologies," Ronald added.

Previously, Link Net transferred its B2C ServeCo business to XL Axiata (EXCL), making XL responsible for residential customers. Meanwhile, Link Net now focuses on three business segments for B2B clients: FibreCo (fiber optic infrastructure), EnterpriseCo (corporate network solutions), and MediaCo (media and content production). However, the transfer only applies to residential services, while Link Net continues to operate its fiber optic services, including ServeCo.

Link Net's stock price has surged 100.83%, reaching Rp2,430 as of February 3, 2025. Over three trading days, the stock rose from Rp1,200 to Rp2,310 per share, according to Liputan6.com. Regarding this increase, Ronald Chandra Lesmana clarified that an internal investigation found the surge was driven purely by market dynamics. "The high trading volume between January 21-23 triggered the stock price increase after a long period of stability," he stated during a Public Expose (4/2/2025).

On reports that Axiata Group is considering divesting its stake in LINK, Ronald declined to comment on potential investors, stating that it remains a shareholder decision. He also confirmed that Link Net has no corporate action plans at this time.

For 2025, Link Net will focus on expanding and optimizing its fiber optic network for Internet Service Providers (ISPs). Director Kanishka Gayan Wickrama stated that this strategy is expected to drive revenue growth. "We are finalizing our 2025 targets, but the draft is ready. For open access, we are already collaborating with Surge Network, as they are interested in joining open-access areas," Kanishka stated during the Public Expose.

Chief Commercial Officer Ronald Chandra Lesmana further detailed the growth targets, where FibreCo aims to reach 8.4 million home passes by 2027, MediaCo will prioritize content and media services, and EnterpriseCo will focus on end-to-end B2B solutions. The company also plans to partner with more ISPs to expand coverage. Additionally, Link Net has received an order from XL Axiata in December 2024 to increase home passes from 1 million to 3 million.

Previously, Link Net announced the transfer of its B2C ServeCo business to PT XL Axiata Tbk (EXCL). The agreement, signed on May 22, 2024, and last amended on August 13, 2024, involved the transfer of 750,000 customers, Broadband Network Gateway (BNG), software and applications related to ServeCo, and customer premises equipment (excluding ONTs/Modems and STBs).

Through this transaction, Link Net shifted its residential business to XL, allowing XL to integrate fixed broadband (FBB) with mobile services. This move aims to enhance market competitiveness and respond to the growing demand for Fixed Mobile Convergence (FMC) in Indonesia.

PHOTO: LINKNET

This article was created with AI assistance.