Telkom revises its revenue growth, decline
The Jakarta Post, Jakarta | Business | Wed, November 10 2010, 8:36 PM
The nation's number one telephone
company, state-owned Telekomunikasi Indonesia (Telkom), has revised
its revenue growth to decrease due to several adjustments, the
company's executive said on Wednesday.
Telkom's director of finance Sudiro
Asno said Telkom revised its revenue-growth target to 4-6 percent
from the previous 9-11 percent.
"In the first nine months of this
year, our revenue growth has not been as targeted," Sudiro told
reporters in Jakarta.
Telkom has also cut its capital
expenditure this year from the planned $2 billion to between $1.5 and
$1.6 billion due to efficiency, Sudiro said.
"Infrastructure costs are
decreasing, especially on Chinese technologies. We are also
tightening Flexi's [Telkom's CDMA unit] budget," he added. (est)
