Telco Giants' 2024 Expansion Blueprints

The allocated capex for telco issuers in 2024 will be dedicated to network development, technology adoption, and enhancing convergence services.

Thomas Mola

28 Mar 2024 - 15.13
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Telco Giants' 2024 Expansion Blueprints

Illustration for telco industry in Indonesia./Special

Bisnis, JAKARTA - Telecommunication (telco) issuers are poised to continue their expansion efforts throughout 2024, as indicated by the substantial capital expenditure (capex) allocation for the year. 

The allocated capex for telco issuers in 2024 will be dedicated to network development, technology adoption, and enhancing convergence services.

With the exception of Telkom (TLKM), shares of Indosat (ISAT) and XL Axiata (EXCL) are performing positively Year-to-Date (YtD). Indosat (ISAT) shares, priced at IDR 11,700 per share, have surged by 24.80% YtD, while XL Axiata (EXCL) shares, priced at IDR 2,390 per share, increased by 19.50% YtD.

On the other hand, TLKM shares, boasting the largest market capitalization, are experiencing a downturn, residing in the red zone. TLKM shares are currently priced at IDR 3,620 per share, marking a decrease of 9.27% YtD. The market's reaction reflects a negative sentiment towards the company's performance achievements in 2023.

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Telco Giants' 2024 Expansion Blueprints

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