Indra Utoyo, the Director of Innovation and Strategic Portfolio of Telkom, stated that Telkom prefers its unit to conduct an IPO although it is also considering a backdoor listing. Singapore Telecom Mobile Pte Ltd, which owns 35 percent of Telkomsel's shares, already approved such a corporate action. The remaining 65 percent of Telkomsel's shares are owned by Telkom. Telkom is for 51 percent state-owned.


Comparison of Indonesia's leading telecommunication networks and services providers:

Number of Cellular Subscribers
   2008    2009    2010    2011   2012
Telkomsel
   65.3    81.6    94.0   107.0   125.1
Indosat    36.5    33.0    44.3    51.7    58.5
XL Axiata    36.0    31.4    40.4    46.4    45.8
Bakrie Telecom     7.3    10.6    13.0    14.6    11.7

numbers are in millions
Sources: Annual Reports 2012

Net Profit (loss)
     2010      2011      2012
Telkomsel   12,362.0   12,824.0   15,715.0
Indosat     666.4     968.6     375.1
XL Axiata    2,891.0    2,830.0    2,744.0
Bakrie Telecom      10.0    (782.7)   (3,138.9)

in billion IDR rupiah
Sources: Annual Reports 2012


Further Reading:

Telekomunikasi Indonesia (Telkom), includes overview of Indonesia's telecommunication sector

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