The largest telecom in the planet's fourth largest country lost a few million subscribers year over year but still posted a 5.5% revenue increase.
News & Analysis: Telkom Indonesia
Sales and earnings plunged at the end of 2018 but bounced back in the first quarter of 2019.
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Second-quarter sales and earnings plunged lower, but CEO Alex Sinaga expects a return to form in the near future.
The largest telecom in Indonesia is experiencing strong headwinds from a weakened landline market, but growth in the wireless and broadband sectors should pick up that slack in the long run.
The largest telecom in Indonesia rounded out 2017 with strong data service sales to make up for fading legacy businesses like voice and text messaging.
The leading telecom, serving the world's fourth-largest population, is riding smartphones and data services to record revenues.
Indonesia's largest telecom service is planning to spend 25% of its annual revenues on infrastructure upgrades this year, in support of strong data service growth.
Indonesia's largest telecom is investing heavily in developing its digital networks.
Broadband services are driving the company's top line higher, though that growth comes at the cost of large capital investments and shrinking bottom-line margins.