(Source: AUTHOR)
PT Telekomunikasi Indonesia (TLK) is the largest telecommunications service provider in Indonesia. The government of Indonesia is a majority shareholder in the company with 52.09% stake. TLKM with a market cap of IDR 432 trillion (USD 32 billion) is amongst the largest firms by market capitalization in Indonesia. Telekom Indonesia owns 65% stake in Telkomsel, the country leading cellular service provider with over 174 million subscribers. The balance 35% stake is owned by Singapore Telecom or SingTel (OTCPK:SGAPY), which I have already covered elaborately here.
In 2016,