Telkom Indonesia (Persero) Tbk.

Brief of Company Background

The company represents a continuation of an enterprise owned by the government of the Dutch East Indies, Post en Telegraafdienst, founded pursuant to the Staatsblad concerning Indonesische Bedrijvenwet. After a long process of evolution, in 1991 Telkom was transformed from a perusahaan umum-Perum (state corporation)- into a state owned limited liability company with greater autonomy. It currently operates the following services: telephone, satellite transponder, telex, telegram, l eased line, VSAT, e-mail, and voice messaging. In 1995, installed capacity reached 4.8 million telephone lines, representing market penetration of 1.69 lines per 100 people. The company retains equity participation in eight subsidiaries: 22.50% of PT Satelit Palapa Indonesia (Satelindo), a provider of GSM cellular telephone service and international telecommunication; 35% of PT Komunikasi Selular Indonesia (Komselindo), a provider of analogue cellular telecommunication; 25% of PT Aplikanusa Lintasarta (Lintasarta), active in data packet communication, VSAT, and e-mail; 45% of PT Radio Telepon Indonesia (Ratelindo), provider of domestic mobile radio phone services; 30.80% of PT Pasifik Satelit Nusantara (PSN), provider of satellite telecommunication services; 10% of PT Telekomindo Arimabhakti (Telekomindo), operator of the construction and development of telecommunication buildings and infrastructure; 15% of PT Bangtelindo, provider of consultation on the installation and maintenance of telecommunication infrastructure; and 15% of PT Elnusa Yellow Pages (ENYP), active in the publishing of telephone, telex, and facsimile directories. PT Telkom has gone public, listing 1.16 billion shares on the Jakarta and Surabaya Stock Exchanges, and 9.33 billion internationally on the New York and London Stock Exchanges. At the end of 1995, Telkom established two more subsidiaries specially to operate analogue cellular telecommunication services: 20.17% of the shares of PT Metro Selular Nusantara, and 25% of the shares of PT Mobile Selular Indonesia. In May 1997, the company lunched Subscriber Identification Module (SIM) card called SIMPATI used for cellular telephone. At the end of 1998 or at the early part of 1999, the company launched a new satellite: Telkom I. This satellite will be funded by the Export and Import Bank of USA. In 2000, the company broke up an agreement with Aria West.

Shareholder List

Management