We are a state-owned enterprise that operates in the telecommunications and network services sector in Indonesia. We are subject to the prevailing laws and regulations in this country. Given its status as a stateowned enterprise whose shares are traded on the stock market, the Government of the Republic of Indonesia is the Company’s majority shareholder, while the remainder of the Company’s common stock is owned by the public. The Company’s shares are traded on the Indonesia Stock Exchange (“IDX”), the New York Stock Exchange (“NYSE”), the London Stock Exchange (“LSE”) and publicly offered without listing in (“POWL”) in Japan.
Telkom offers a broad range of network and telecommunication services, including domestic and international basic telecommunication services, using cable, fixed wireless (“CDMA”) and Global System for Mobile Communication (“GSM”) as well as interconnection services used among other license operators (“OLO”). Besides telecommunication services, Telkom also operates Multimedia businesses such as content and applications, completing our business portfolio called Telecommunication, Information, Media, Edutainment and Services (“TIMES”). As the telecommunication business is the fundamental platform of the Company’s legacy-based business, the other business portfolios will be called as new wave businesses that lead the Company to keep innovating digital creative-based products. This confirms Telkom’s commitment to boost revenues amid more open competition in the industry.
It is the Company’s obsession to continuously help to develop small businesses, medium-sized companies and big corporations, to support the improvement of people’s welfare. In addition, the Company continues to diversify the business through mergers and acquisitions. The Company is currently building a stronger platform for its broadband network in East Indonesia under the Palapa Ring project so that our vision of a strong national network, the Nusantara Super Highway, can be realized.
Our commitment to reliable, secure connectivity and data mobility has enabled us to increase our broadband customer base to 10.5 million customers as per December 31, 2011, a growth of 64.3 %. At the same time, our cellular subscribers have increased by 13.8% or 13.0 million new customers, bringing our total cellular subscriber base to 107.0 million.