Jakarta, 21 November 2021 –  The transformation that PT Telkom Indonesia (Persero) Tbk (Telkom) has been going through to become a digital telco is yielding more and more good results and wooing local and foreign investors. Telkom's share price in the last few days has increased, as foreign investors on Friday purchased shares worth more than 780 billion rupiah. This achievement is undoubtedly due to investors' great interest in Telkom for its satisfactory performance in 2021 and Telkom subsidiary Mitratel's initial public offering, which also gained investors' interests.

Until the first half of 2021, Telkom recorded a positive corporate performance with double-digit net profit growth. This positive performance was projected to last until the third quarter, with its results expected to be announced in the last week of November 2021. In addition, Telkom through its subsidiaries has also succeeded in investing in startups that can provide value for synergy and capital gains for companies, such as Kredivo and Nium.

Mitratel's initial shares public offering, which was announced through a public expose last October has garnered a great deal of investors' interest with a portfolio of more than 28,000 telecommunication towers located throughout Indonesia. Mitratel's business potential will develop as the 5G becomes more available, since it increases the operator's need for telecommunication towers.

Telkom President Director Ririek Adriansyah said, “Telkom is currently accelerating the transformation and structuring of its portfolio for optimal value creation for the TelkomGroup, stakeholders, the nation, and the state. The increasing investors' interest in Telkom's shares could be a parameter that what we have been doing now is on the right track. We are optimistic that this transformation will have even more positive impacts.”

Ririek added that Mitratel's successful IPO has motivated Telkom to remain committed to corporate transformation, which aims to unlock value of TelkomGroup data center business as its next milestone. Telkom Group makes these efforts to strengthen its role in the digital ecosystem development.

Indonesia's pandemic handling that the international community recognized as successful also contributed to Telkom shares' strengthened performance. Compared to neighboring ASEAN countries, Indonesia's Covid-19 cases have fallen significantly and are among the lowest. This is a momentum to accelerate the national economic recovery. Telkom also participated in supporting the Covid-19 handling and national economic recovery through connectivity support, dashboards and applications, products and services to social assistance. As for applications used for Covid-19 response and national economic recovery, Telkom supports the development of the MSME Digital Market (PaDi) application and PeduliLindungi.

"Indonesia's success in handling the pandemic will be an oasis for a much better national economic revival and Indonesia's aspiration to become a Southeast Asian digital economy power can be realized," Ririek said. 

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