JAKARTA. The transformation of PT Telkom Indonesia (Persero) Tbk (TLKM) into a digital infrastructure company is expected to push the market capitalization value to IDR 500 trillion in 2025.

Deputy Minister of BUMN II Kartika Wirjoatmodjo said that the launch of the Five Bold Move program had raised Telkom's share price quite well. It is hoped that this will increase TLKM's market capitalization value to IDR 500 trillion in 2025. At the closing of 3 April 2023, TLKM's market capitalization value reached IDR 404.17 trillion.

"It has been proven that in the last two years, after we launched the 5 bold move program, Telkom's share price has indeed increased quite well. We hope that Telkom's market cap can reach IDR 500 trillion in 2025," he said, Monday (3/4/2023).

Kartika revealed that Telkom's transformation from a telecommunications company to a digital infrastructure company is expected to boost Telkom's market capitalization. Telkom as a major player, said Tiko, must carry out a fast and targeted transformation. His party is also currently planning Telkom to become a strategic holding with subsidiaries that are quite large and relevant in Telkom's transformation.

"In the long term, the transformation will increase Telkom's profit contribution as well as its market cap," he said. TLKM's market capitalization is the 5th largest after shares of PT Bank Central Asia Tbk. (BBCA), PT Bank Rakyat Indonesia (Persero) Tbk. (BBRI), PT Bayan Resources Tbk. (BYAN), and PT Bank Mandiri (Persero) Tbk. (BMRI). (AM/LM)