Is Telekomunikasi Indonesia Poised For A Comeback?

Telekomunikasi Indonesia (NYSE: TLK), the largest telecommunications company in Indonesia, reported second-quarter results on July 31st. The company is losing cellphone subscribers to lower-priced rivals, but management insists that charging higher prices for a higher-quality service is the right way to go.In fact, the worst may be behind Telkom at this point, and the CEO sees better days ahead.In the second quarter, Telkom Indonesia revenue fell 7.4% from the year-ago tally to land at $2.30 billion.

 

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