Telkom Indonesia to triple broadband investment in 2015
16 October 2014 |
PT Telekomunikasi Indonesia (Telkom Indonesia) will spend $3.69 billion (Rp 45 trillion) in 2015 on a national broadband plan, according to the Investor Daily.
Arief Yahya, CEO at the company, confirmed the investment to local reporters, which is three times as much as this year’s budget of Rp 15 trillion.
The company is expected to use 20% of the funding for convergence projects, 30% to build transmission networks and the remaining 50% to broaden access across the country.
Telkom Indonesia has been investing in a number of markets and regions worldwide this year, including Silicon Valley and a potential stake in Spark New Zealand.
Read Capacity's latest Country Focus report on the Indonesian market here.