Maintaining Growth, Telkom Boosts Digital Infrastructure Business

Jakarta, CNBC Indonesia - The President Director of PT Telkom Indonesia (Persero) Tbk (Telkom), Dian Siswarini, presented the progress of TelkomGroup’s transformation during the 2026 Public Expose Live on Monday (7/9).

During the event, Dian stated that TelkomGroup’s transformation is being implemented through four strategic pillars of TLKM 30: operational and service excellence, streamlining, unlocking value, and modus-operandi shift.

This step is being taken, among other things, to build a more focused TelkomGroup business structure, with clearer performance visibility and accountability. This is achieved through organisational simplification, the reduction of business overlaps, and the strengthening of segment-based management and reporting.

Currently, Telkom is performing business delayering into five main segments: B2C, B2B Infrastructure, B2B ICT, International, and Others and Ancillary. This move is part of the transition towards a more integrated, transparent, and value-creation-oriented Strategic Holding Company-Operating Company (HoldCo-OpCo) model.

“As part of the implementation of TLKM 30, this delayering is crucial because we want every business within TelkomGroup to have clearer accountability and focus on core businesses, with better visibility regarding performance, cash flow, and investment in each business. We can also make strategic decisions more quickly and accurately, including determining where resources and capital should be directed. This serves as an important foundation for Telkom to grow more healthily while providing greater added value in the future,” said Dian, as quoted on Thursday (10/9/2026).

On the same occasion, Telkom’s Finance and Risk Management Director, Arthur Angelo Syailendra, revealed that up to the first half of 2026, Telkom recorded consolidated revenue of Rp75.9 trillion, a 3.9% year-on-year growth. Meanwhile, EBITDA increased by 3.8% YoY to Rp37.5 trillion with a margin of 49.4%, and net profit grew by 1.4% YoY to reach Rp10.6 trillion.

On a normalised basis, net profit reached Rp11.3 trillion, representing a 6.2% YoY growth. This performance was supported by improved mobile business monetisation and operational discipline within TelkomGroup.

In terms of efficiency, Telkom continues to strengthen cost discipline and capital allocation to ensure precise implementation. More than 92% of CAPEX is allocated to core businesses in the B2C and B2B Infrastructure segments, with the Company’s investment remaining directed towards areas that play a strategic role in long-term growth.

“Overall, the first-half results show that revenue and earnings growth remains positive. We also see improving profitability, particularly in the second quarter. Moving forward, we will continue to maintain cost discipline and growth quality to support the achievement of profitability targets throughout the year,” concluded Angelo.

In line with this, Telkom continues to optimise its digital infrastructure strength as one of its largest sources of value creation. In the B2B Infrastructure segment, InfraNexia is being positioned as a neutral carrier to serve the needs of the TelkomGroup ecosystem while opening growth opportunities from external customers. Telkom is currently preparing for the second stage of a spin-off, expected to be completed in the third quarter of 2026, so that InfraNexia can fully operate as a primary entity handling TelkomGroup’s wholesale connectivity business and absorbing greater potential.

Optimisation is also being carried out in the data centre business. In the first half of 2026, NeutraDC’s revenue reached Rp867 billion, growing 11% YoY, with a total effective capacity of 49.9 MW. Demand for hyper-scale data centre (HDC) facilities remains strong, evidenced by the occupancy of HDC Cikarang reaching 96%, while HDC Batam is targeted to begin operations in the second half of 2026 with an initial capacity of 6 MW.

NeutraDC will also continue to increase capacity through disciplined organic growth and strategic partnerships.

Priority areas in the B2B ICT segment continued to show positive growth during this period. This is reflected in SME revenue, which grew by 11.5%, and the number of IndiBiz customers, which increased by 11.7% to 756,000.

Strengthening the enterprise business is also ongoing to capture growth potential alongside the increasing need for digital transformation. One such move is the plan to acquire 100% of Digiserve, which will strengthen Telkom’s B2B ICT capabilities in providing end-to-end solutions for customers across various sectors.

In the B2C segment, Telkomsel continues its growth momentum amidst macroeconomic dynamics and an evolving competitive climate. Revenue grew by 5.3% annually to Rp28.0 trillion, while EBITDA increased by 10.3% and net profit grew by 24.9%.

Performance improvements are also reflected in mobile ARPU, which increased by 11.6% annually to Rp46,000, amidst a more consolidated customer base. This performance reflects Telkomsel’s focus on building healthy and sustainable growth through improved customer quality, service experience, and operational efficiency, while maintaining healthy financial fundamentals.

Telkomsel also continues to strengthen its long-term growth foundation through an additional 100 MHz spectrum in the 700 MHz and 2,600 MHz bands, bringing the total spectrum portfolio to 265 MHz. This additional spectrum will strengthen network coverage and capacity, supporting 5G development and enhancing the digital experience for customers. Its utilisation will be carried out gradually and based on need, while maintaining capital allocation discipline, spectrum productivity, and visibility of returns to maintain a balance between growth, network quality, and sustainable profitability.