JAKARTA. PT Telkom Indonesia Tbk (TLKM) has prepared its capital expenditure (capex) budget of IDR 36 trillion to IDR 40 trillion this year, or approximately 25% of the total estimated revenue.

Ahmad Reza, Senior Vice President (SVP) of Corporate Communication and Investor Relation of TLKM, said that the budget will be allocated for business expansion. This includes the development of mobile, fixed broadband, and other businesses like data centres.

Furthermore, Reza revealed that TLKM is currently working on the plan of debuting its subsidiary, PT Sigma Cipta Caraka or widely known as Telkomsigma, through the initial public offering (IPO). “Telkomsigma is designed to be the leading player in the B2B IT service segment, specifically serving corporates, state-owned enterprises (BUMN), government, as well as micro, small, and medium enterprises (MSMEs),” he explained more.

TLKM is also said to promote the business transformation of PT Fintek Karya Nusantara (Finarya), a company that manages LinkAja platform.

“Telkomsel, alongside other shareholders, specifically from BUMN ecosystem, will continue to support and drive collaborative initiatives with Finarya,” Saki Hansat Bramono, VP Corporate Communications of Telkomsel. (KR/ZH)