PT Telkom Indonesia (Persero) Tbk (Telkom) is maintaining its growth momentum and increasing value from its digital infrastructure business as it continues the TLKM 30 transformation. The strategy was presented at the Public Expose Live 2026, held online on Monday (7/9).

Telkom reported consolidated revenue of Rp75.9 trillion in the first half of 2026, growing 3.9% year on year. EBITDA rose 3.8% year on year to Rp37.5 trillion, with a margin of 49.4%, while net profit increased 1.4% to Rp10.6 trillion.

On a normalized basis, net profit reached Rp11.3 trillion, up 6.2% year on year. The performance was supported by improved monetization of the mobile business and operational discipline across TelkomGroup.

Telkom Maintains Growth Through TLKM 30 Transformation

Telkom President Director Dian Siswarini explained that the company is implementing TLKM 30 through four strategic pillars: operational and service excellence, streamlining, unlocking value, and modus-operandi shift.

The transformation is aimed in part at creating a more focused TelkomGroup business structure, with clearer performance visibility and accountability.

Telkom is simplifying its organization, reducing overlapping businesses and strengthening management and reporting based on business segments. The company is currently organizing its businesses into five main segments: B2C, B2B Infrastructure, B2B ICT, International, and Others and Ancillary.

The move is part of Telkom’s transition toward a more integrated and transparent Strategic Holding Company–Operating Company (HoldCo–OpCo) model focused on value creation.

“As part of the implementation of TLKM 30, this delayering is very important because we want every business in TelkomGroup to have clearer accountability and focus on its core business, with better visibility into performance, cash flow, and investment in each business. We can also make strategic decisions more quickly and accurately, including determining where resources and capital need to be directed. This is an important foundation for Telkom to grow healthier while delivering greater added value going forward,” Dian said.

Telkom also continued to strengthen cost discipline and capital allocation. More than 94% of capital expenditure was allocated to core businesses in the B2C and B2B Infrastructure segments.

“Overall, the first-half results show that revenue and earnings growth remained positive. We also saw further improvement in profitability, particularly in the second quarter. Going forward, we will continue to maintain cost discipline and growth quality to support the achievement of our profitability targets throughout the year,” Arthur Angelo Syailendra said.

Telkom Optimizes Digital Infrastructure and Data Centers

Telkom is continuing to optimize its digital infrastructure business as a source of value creation.

In the B2B Infrastructure segment, InfraNexia is being directed to operate as a neutral carrier serving the needs of the TelkomGroup ecosystem while also opening opportunities to serve external customers.

Telkom is preparing the second phase of the InfraNexia spin-off, which is expected to be completed in the third quarter of 2026. The move is intended to allow InfraNexia to fully operate as the main entity managing TelkomGroup’s wholesale connectivity business and capture greater potential.

Telkom is also optimizing its data center business through NeutraDC. In the first half of 2026, NeutraDC recorded revenue of Rp867 billion, growing 11% year on year, while its total effective capacity reached 49.9 MW.

Demand for hyperscale data center (HDC) facilities remained strong. HDC Cikarang recorded occupancy of 96%, while HDC Batam is targeted to begin operations in the second half of 2026 with an initial capacity of 6 MW.

NeutraDC will continue to add capacity through organic growth and strategic partnerships while maintaining disciplined expansion.

B2B ICT and Telkomsel Continue to Support Growth

The B2B ICT segment continued to record positive growth in its priority areas. SME revenue increased 11.5%, while the number of IndiBiz customers rose 11.7% to 756,000.

Telkom is also strengthening its enterprise business to capture growth potential from increasing demand for digital transformation. One of the initiatives is the planned acquisition of 100% of Digiserve, which is intended to strengthen Telkom’s B2B ICT capabilities in providing end-to-end solutions for customers across various sectors.

In the B2C segment, Telkomsel continued its growth momentum amid macroeconomic dynamics and changing competition.

Telkomsel’s revenue grew 5.3% year on year to Rp28.0 trillion. EBITDA increased 10.3%, while net profit rose 24.9%.

Mobile ARPU increased 11.6% year on year to Rp46,000, alongside a more consolidated customer base. The performance reflects Telkomsel’s focus on building healthy and sustainable growth through customer quality, service experience and operational efficiency, while maintaining sound financial fundamentals.

Telkomsel also added 100 MHz of spectrum in the 700 MHz and 2,600 MHz bands, bringing its total spectrum portfolio to 265 MHz.

The additional spectrum will strengthen network coverage and capacity, support 5G development and improve customers’ digital experience. Its use will be carried out gradually according to market needs while maintaining investment discipline, spectrum productivity and visibility into returns.

“We remain focused on building healthy and sustainable growth by prioritizing customer quality, service experience, and investment discipline. Going forward, the additional 100 MHz of spectrum will further strengthen network capacity and quality while supporting 5G development. We will utilize this additional spectrum gradually according to market needs, while maintaining investment discipline and visibility into returns to create long-term value for customers and all stakeholders,” Daru Mulyawan said.

Telkom Maintains 2026 Growth and Profitability Guidance

For the second half of 2026, Telkom will focus on maintaining growth momentum and improving profitability through mobile data monetization, fixed broadband improvements, cost efficiency and accelerated TLKM 30 transformation.

Based on its first-half performance, Telkom is maintaining its 2026 performance guidance, with a target for normalized revenue growth of 1–3% and an EBITDA margin above 50%.

Telkom’s EBITDA margin had returned to above 50% in the second quarter of 2026, showing quarter-on-quarter improvement.

“With stronger fundamentals and transformation continuing, we are confident that Telkom is on the right track to achieve its 2026 targets. The focus is on maintaining a balance between growth, profitability, and capital discipline. We want to ensure that every transformation step has an increasingly tangible impact on performance and ultimately delivers sustainable added value for stakeholders, while continuing to provide the best services for the public,” Angelo said.

PHOTO: TELKOM

This article was created with AI assistance.

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