Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, commonly known as Telkom Indonesia, is a state-controlled telecommunications and digital services company operating primarily in the information and communications technology (ICT) industry. The company provides a broad range of services spanning fixed-line and mobile telecommunications, broadband internet, data communications, digital platforms, and enterprise solutions. Its core revenue drivers include mobile connectivity, fixed broadband subscriptions, wholesale network services, and digital and enterprise offerings.
Telkom Indonesia serves a wide customer base encompassing individual consumers, small and medium-sized enterprises, large corporations, and government institutions. The company holds a dominant market position in Indonesia’s telecommunications sector, supported by extensive network infrastructure, strong brand recognition, and state ownership. Founded in 1965 through the nationalization of colonial-era telecom assets, Telkom has evolved from a traditional fixed-line operator into a diversified digital telecommunications company, culminating in its public listing on the Indonesia Stock Exchange and the New York Stock Exchange.
Business Operations
Telkom Indonesia operates through several primary business segments, including Mobile, Consumer Fixed Broadband, Enterprise, Wholesale and International Business, and Digital Services. The Mobile segment is conducted through its majority-owned subsidiary PT Telekomunikasi Selular (Telkomsel) and represents the largest contributor to revenue. The Consumer Fixed Broadband segment includes voice, internet, and IPTV services delivered under the IndiHome brand, while the Enterprise segment focuses on ICT solutions, cloud services, data centers, and cybersecurity for corporate and public-sector clients.
Operations span both domestic and international markets, with the majority of assets and revenues derived from Indonesia. Telkom controls extensive infrastructure, including nationwide fiber-optic networks, subsea cables, satellite systems, and data centers. Key subsidiaries include Telkomsel, PT Multimedia Nusantara (TelkomMetra), PT Dayamitra Telekomunikasi Tbk (Mitratel), and PT Telkom Data Ekosistem, which support network operations, digital platforms, and infrastructure services.
Strategic Position & Investments
Telkom Indonesia’s strategy centers on transforming into a digital telecommunications company by strengthening its core connectivity business while expanding into higher-growth digital services. Growth initiatives include network modernization, fiberization, 5G deployment, and the development of data center and cloud-based services. The company has undertaken organizational streamlining to integrate fixed and mobile broadband services and improve operational efficiency.
Strategic investments and acquisitions have focused on digital infrastructure and platforms, including stakes in data center providers, digital financial services, and technology startups. Notable subsidiaries such as Mitratel support infrastructure monetization through tower ownership, while TelkomMetra manages digital media, payment, and analytics businesses. Emerging areas of focus include cloud computing, artificial intelligence-enabled services, cybersecurity, and digital solutions for enterprises and government clients.
Geographic Footprint
Telkom Indonesia is headquartered in Indonesia, where it maintains nationwide operational coverage across urban and rural areas. The company’s domestic footprint includes extensive fixed-line and mobile networks reaching all major islands and provinces, positioning it as the country’s primary telecommunications backbone provider.
Internationally, Telkom operates through subsidiaries and representative offices in Asia, Australia, Europe, and the Middle East, supporting international wholesale connectivity, subsea cable operations, and services for multinational enterprise customers. While overseas operations contribute a smaller portion of revenue, they enhance Telkom’s role in regional data traffic and cross-border digital connectivity.
Leadership & Governance
Telkom Indonesia operates as a publicly listed, state-controlled enterprise, with the Government of Indonesia as the majority shareholder. The company is governed by a Board of Commissioners and a Board of Directors, reflecting a governance structure typical of Indonesian state-owned enterprises. Leadership emphasizes sustainable growth, digital transformation, and alignment with national digital economy objectives.
Key executives include:
- Ririek Adriansyah – President Director & Chief Executive Officer
- Muhammad Awaluddin – Vice President Director
- Herlan Wijanarko – Director of Human Capital Management
- Ismail – Director of Network & IT Solution
- Honesti Basyir – Director of Group Business Development
The leadership team promotes a strategic vision centered on customer-centric digital services, operational excellence, and long-term value creation for shareholders and the Indonesian economy.