Jakarta: State telecommunication operator PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) posted a net profit of Rp18.66 trillion for 2019, up 3.5 percent from a year earlier, driven by the growth of its digital businesses.
The company saw its consolidated income growing 3.7 percent to Rp135.57 trillion compared to the year before, Telkom president director Ririek Adriansyah said in a statement released on Wednesday, May 27, 2020.
Meanwhile,Telkom's earnings before interest, tax, depreciation, and amortization (EBITDA) grew 9.5 percent to Rp64.83 trillion.
"The achievement throughout 2019 suggests that Telkom is on the right track to become a digital telecommunication company and is highly committed to strengthening digital business capability to meet customers' needs as well as to providing the best digital experience to customers and the Indonesian people," he said.
Digital businesses Telkomsel and IndiHome grew significantly and served as the main contributors to the company's growth, he said.
In anticipation of disruptive industrial development, Telkom will focus on three digital business domains: digital connectivity, digital platform, and digital services.
"Telkom will keep strengthening its position as the market leader in the digital connectivity domain through quality services and broadest network," he said.
Telkom's digital connectivity services are provided by domestic backbone optic fiber network Indonesia Digital Network, which links all parts of the country from Sabang in the west to Merauke in the east, and is supported by international sea cable system, Indonesia Global Gateway (IGG).
The cable connects undersea cable SEA-ME-WE5 to the undersea cable SEA-US, making the company a global digital hub as well as a digital connectivity gateway that provides direct broadband connectivity between Europe, Asia, and America. (antara)