TLKM – Realized IDR5.1 tn capex in 1Q24

TLKM – Realized IDR5.1 tn capex in 1Q24 Telkom Indonesia (TLKM) has realized IDR5.1 tn capex in 1Q24 to strengthen network infrastructure and improve customer experience. TLKM has widened 4G and 5G base stations, established HTS at the eastern orbit point 113, built international submarine cables and developed hyperscale data centers in Cikarang and Batam. Note that, TLKM posted revenue of IDR37.4 tn (+3.71% yoy) but experienced a decline in net profit of IDR6.05 tn (-5.78% yoy) in 1Q24. (Source : Bisnis Indonesia)