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Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLKM.JK)
- PR Newswire
BRI and Telkom Collaboration Opens Financial Access for 5 million People in Two Years
Bank BRI (IDX: BBRI) has partnered with PT Telkom Indonesia Tbk. (IDX: TLKM) to provide access to financial services for 5 million people in Indonesia over the next two years. They synergize to expand the use of digital technology in the financial sector for reliable telecommunication infrastructures to accelerate digital economy.
- PR Newswire
PT Telkom Indonesia (Persero) Tbk 2021 Annual Report on Form 20-F
As required by Section 203.01 of the New York Stock Exchange Listed Company Manual, Telkom Indonesia (IDX: TLKM) (NYSE: TLK) confirms that it has filed its annual report on Form 20-F for the year 2021 with the U.S. Securities and Exchange Commission.
- Moody's
Telekomunikasi Indonesia (P.T.) -- Moody's affirms Telkom Indonesia's Baa1 rating; outlook remains stable
Rating Action: Moody's affirms Telkom Indonesia's Baa1 rating; outlook remains stableGlobal Credit Research - 11 Feb 2022Singapore, February 11, 2022 -- Moody's Investors Service has affirmed the Baa1 issuer and baa1 baseline credit assessment rating of Telekomunikasi Indonesia (P.T.) (Telkom).The rating outlook remains stable."The rating affirmation reflects our expectation that Telkom will maintain its market leadership, strong credit metrics and excellent liquidity," says Stephanie Cheong, a Moody's Assistant Vice President and Analyst. "We expect the company's revenue to grow modestly over the next two years, underpinned by increasing demand for data and fixed broadband."RATINGS RATIONALETelkom's rating is one notch above the rating of the sovereign and reflects its standalone credit strength without any tangible uplift from the government ownership.Telkom's Baa1 issuer rating fulfills our requirements to be one notch higher than the Baa2 sovereign rating of Indonesia and factors in the company's fundamentally stronger credit profile, supported by its established position as Indonesia's largest integrated telecommunications operator, strong financial profile, excellent liquidity, and stable access to bank and capital markets.At the same time, Telkom's rating captures its exposure to Indonesia's competitive operating environment as well as the risk of intervention from the Government of Indonesia (Baa2 stable), the latter through changes to the company's financial and shareholder return policies in a stress situation given that Telkom is a majority state-owned company.For the nine months ended September 2021, Telkom recorded revenue growth of 6.1% year-on-year (YoY) to IDR106.0 trillion.
