The nation's number one telephone company, state-owned Telekomunikasi Indonesia (Telkom), has revised its revenue growth to decrease due to several adjustments, the company's executive said on Wednesday.
Telkom's director of finance Sudiro Asno said Telkom revised its revenue-growth target to 4-6 percent from the previous 9-11 percent.
"In the first nine months of this year, our revenue growth has not been as targeted," Sudiro told reporters in Jakarta.
Telkom has also cut its capital expenditure this year from the planned $2 billion to between $1.5 and $1.6 billion due to efficiency, Sudiro said.
"Infrastructure costs are decreasing, especially on Chinese technologies. We are also tightening Flexi's [Telkom's CDMA unit] budget," he added. (est)
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