Elevator Pitch
Listed on both the Indonesia Stock Exchange and NYSE, PT Telekomunikasi Indonesia Tbk (TLK) (TLKMF) [TLKM:IJ] is Indonesia's largest integrated telecommunications company. Telekomunikasi Indonesia's 65%-owned mobile/cellular subsidiary Telkomsel is the market leader in Indonesia's mobile market, with PT XL Axiata Tbk (PTXKY) (PTXAF) [EXCL:IJ] and PT Indosat Tbk (OTCPK:PTITF) [ISAT:IJ] being the second- and third-largest mobile players respectively.
Telekomunikasi Indonesia trades at 6.8 times consensus forward next twelve months EV/EBITDA representing a slight premium to its historical five-year average forward EV/EBITDA of approximately