TLKM - Forges partnership with Ericsson

TLKM - Forges partnership with Ericsson Telekomunikasi Indonesia (TLKM) has forged partnership with Ericsson to further develop and expand 5G networks. Both companies have previously struck deals to provide 5G radio access network (RAN) in Aceh, N. Sumatra, C. Sumatra, W. Sumatra and Indonesia's new capital since 2021. (Source : Kontan) Comment : Partnership with global network companies is important for MNOs in order to upgrade technology, including improve network efficiency. Meanwhile, TLKM has long been opting to enhance enterprise segment that often requires more advanced technology to address specific 5G use case. Enterprise segment penetration should provide more revenue visibility to company amidst fluctuations in consumer segment. We retain BUY call on TLKM with a target price of IDR4,400