PT Telekomunikasi Indonesia (TLKM.JK), Indonesia's biggest telecommunication firm, on Wednesday revised down its 2010 revenue growth to 4-6 percent, from earlier forecasts of 5-10 percent growth.
"Revenue growth is shrinking because of declining revenue from cellular growth....the market is maturing now," said Sudiro Asno, Telkom's finance director, at a conference.
Revenue rose 4 percent in the first nine months of the year. Telkom is expected to post a full-year 2010 net profit of 12.2 trillion rupiah, according to the consensus of 15 analysts polled by Thomson Reuters I/B/E/S.Source: Reuters
"Revenue growth is shrinking because of declining revenue from cellular growth....the market is maturing now," said Sudiro Asno, Telkom's finance director, at a conference.
Revenue rose 4 percent in the first nine months of the year. Telkom is expected to post a full-year 2010 net profit of 12.2 trillion rupiah, according to the consensus of 15 analysts polled by Thomson Reuters I/B/E/S.Source: Reuters
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