Telecommunications 2026-11-12

Telkom Nine-Month Revenue Rises 3.5% as It Shuts Nine Business Entities; NeutraDC Expands 12 MW

Group revenue reached Rp113.5 trillion with data and IT services up 8.3%, but consolidated EBITDA margin slipped to 48.9% and Telkomsel's Q3 revenue fell 1% on IndiHome customer cleanup.

Telkom Indonesia booked nine-month 2026 revenue of Rp113.5 trillion, up 3.5 percent year on year, with data, internet and IT services growing 8.3 percent to Rp71.5 trillion, according to company reporting covered in early November.

The growth is being paid for through deep restructuring: the group closed nine business entities during the third quarter, and Telkomsel's Q3 revenue slipped 1 percent despite higher ARPU (Rp44,900, up 3.5 percent) as it removed low-value IndiHome customers. Consolidated EBITDA margin fell to 48.9 percent.

The bright spot is data centers: NeutraDC revenue grew 17 percent to Rp1.39 trillion, with 6 MW of new capacity commissioned (total 21.5 MW), another 6 MW in Batam due in Q4 2026, and a further 18 MW planned for Q1 2027. The combination of entity consolidation and data center expansion signals continued demand for process automation, document migration and site operations work across the group.