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Telkom’s unit announces collaboration with Malaysian Galasys PLC, eyes Asian market


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JAKARTA (TheInsiderStories) – End-to-end ICT Solutions provider PT Sigma Caraka (Telkomsigma), a unit of state owned telecommunication provider PT Telekomunikasi Indonesia Tbk (IDX: TLKM), also known as Telkom, has entered into a collaboration with Malaysian integrated amusement park solutions and services provider, Galasys PLC, to utilize Galasys Intelligent Tourism platform to boost the Indonesian in-bound tourism industry.

Galasys Chief Executive Officer Sean Seah said through the collaboration with top online travel agents in China, who represent 95 per cent of the outbound tourist in China, the platform would connect the Indonesian travel industry to 500 million registered tourists who would be keen to visit China,” he said in a statement.

Meanwhile, Telkomsigma President Judi Achmadi said the platform, scheduled to be launched in July, would allow the company to infiltrate the Chinese tourist market which looked for convenience and ability to pick and plan their travel online.

According to chief executive of Telkom Alex Sinagar, this year the company will focus in digital business by spending up to 80 percent of the 2016’s capital expenditure (capex) up to Rp28 trillion.

“Mostly for digital business mostly in cellular sector, 3G, broadband highway and fiber optic.,” Alex said.

Based on first quarter (Q1) of 2016’s result, the digital business showed a fast growth and has contributed 50 percent of the company’s revenues. He added, to strengthen the digital business, Telkom now is seeking to acquire foreign and local companies in Southeast Asian region, Japan, South Korea and US.

In Q1 2016, Telkom booked net profit of Rp4.59 trillion ($347.72 million), an increase of 20.4 percent compared to same period in 2015 of Rp3.81 trillion with a 16.6 percent revenue increase to Rp27.54 trillion and Earnings before interest, tax, depreciation and amortization (EBITDA) rose 18.8 percent to Rp 14.66 trillion.

He said the high growth in broadband service customers, both fixed broadband and mobile broadband Telkomsel Flash has boosted Telkom’s digital business revenues. Its customer base increased 42.2 percent to 43.84 million in Q1. For fixed broadband, led by the IndiHome program, the customer base has grown 20.7 percent to 4.2 million customers.

This year, Telkom decided to pay dividend final of Rp78.86 and special dividend of Rp15.77 a share or 60 percent of 2015 net profit of Rp9.29 trillion. The dividend dividends will be paid on May 26. Currently, there are 98.18 billion outstanding shares.

Last year, net profit of Telkom rose 7 percent to Rp15.49 trillion from previous year of Rp14.47 trillion. Revenues increased by 14.2 percent on an annualized basis to Rp102.47 trillion, while operating profit stood at Rp32.42 trillion (+11 percent) and EBITDA Rp51.42 trillion, up 12.6 percent compared to IDR45.67 trillion in 2014.

At the AGM meeting recently, shareholders agreed to make some staffing changes; Finance Director Heri Sunaryadi was replaced by Harry M. Zen, known for his previous position as Credit Suisse Indonesia director. Independent Commissioner Parikesit Suprapto was replaced by Pontas Tambunan, previously a deputy in the State Owned Enterprises Ministry. (*)

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Source: The Insiderstories
Telkom’s unit announces collaboration with Malaysian Galasys PLC, eyes Asian market

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