Report

New Street: Telekom Indonesia (Buy, TP: IDR4,500, +25%) Feedback from small group call with IR

We had a relatively optimistic call this evening Jakarta time with Indosat. The company sees the Indosat/Hutch merger as a “game-changer” towards a better mobile market.
Underlyings
PT Telkom Indonesia (Persero) Tbk Class B

P.T. Telekomunikasi Indonesia is a telecommunication service and network provision group based in Indonesia. Co. serves millions of customers throughout Indonesia with a complete range of telecommunications services that include fixed wireline and fixed wireless telephone connections, cellular services, network and interconnection services, as well as internet and data communication services. Co. also provides services in information, media and edutainment, including cloud-based and server-based managed services, e-Payment and IT enabler services, Pay TV, as well as e-Commerce and other portal services. Co. operations are organzied along four segments: Corporate, Home, Personal and others.

Telekomunikasi Indonesia Tbk PT (ADR)

Provider
New Street Research
New Street Research

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Analysts
Chris Hoare

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