Telkom Indonesia reports 5% fall in profits as costs rise

Indonesia’s largest telecoms group PT Telekomunikasi Indonesia (Telkom Indonesia) says its net income for 2011 fell 5% year-on-year to IDR10.97 trillion (USD1.20 billion) as a result of rising operating costs. The telco recorded revenue of IDR71.25 trillion last year, up from IDR68.63 trillion in FY2010, driven by strong gains at its data and internet divisions which offset falling sales and margins at its traditional (core) voice business

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OVETEL Telkom Indonesia reports 5% fall in profits as costs rise