Equity Research

Telco

Friday,07 February 2020 Telco OVERWEIGHT Maintain Telco price tracker Jan 2020

TLKM relative to JCI Index Telkomsel’s (TSEL) recent products suggest potential change in market dynamics. In response, XL remains defensive, while we are seeing some xxxx positive indications further at the lower end, and thus maintain our overweight sector call. We introduce our telco scorecard to track price effects and network changes, with TLKM and EXCL having the most network leverage.

A different ballgame with By.U. Growth in traffic vols continue to be sizeable as TSEL and XL Axiata reported traffic growth of ~+39%/38%yoy respectively, and Indosat at about +61%yoy during the festive period in Dec-Jan according to

news reports. TSEL’s core data offerings have not been altered since 4Q19 as TSEL would want to evaluate the traction effects from “OMG!” and the new product line “By.U”. While OMG! does enrich TSEL’s portfolio with SoSMed and content, By.U by contrast seeks to get more traffic with effective GB yields to

levels below Rp4,300. By.U is designed to be set apart from TSEL’s branding to pursue millennials and student groups. While there is time to tweak prices further before the next Lebaran season in 2020, By.U is potentially disruptive EXCL relative to JCI Index putting pressure on contenders’ value chains. xxxx XL rewards existing users with discounts. Our channel check reveals that XL itself offered discounts in the 8-13% range on flagship products for existing

users, while a new XL prepaid user can choose a service only based on nominal prices. We reckon XL is rewarding existing subs improving their loyalty, which indicates a defensive mode without much inkling to go after new users. Despite the potential pressure from By.U, Indosat and smaller players in price sensitive

segments, XL is still a top-pick of ours being clearly capable of protecting its nd traffic share having the 2 best network as per Opensignal with a score of 3.3/5 on our scorecard, and comprehensive and affordable packs in both XL and Axis.

Indosat continues price list overhauling. Indosat has already caught XL in traffic vols on the back of strong network improvements with a score of 3.8/5 based Source : Bloomberg nd on Opensignal data. Our analysis suggests that Indosat is 2 best for most affordable packs after Smartfren and we understand it’s the reason why Indosat’s ARPU is still below Rp30k. This is where the challenge lies right now for ISAT, because Hutch 3 has a score of 2.8/5 vs. ISAT’s 1.8/5 in terms of level of differentiation specially in terms of content and combos. Nonetheless, Indosat continued to adjust its price list, specifically its Freedom Internet offering the same prices as before but adjusting quotas by location. Although FREN’s network looks weaker, Hutch might be gaining steam with more emphasis on differentiation at 2.8/5 vs. 1.8/5 in our affordability scoring. Another positive development is suggested by Smartfren raising its flagship product price to Rp75k (+7%). Maintain Overweight. Our data collection allows us to analyze data packs based on their relative differentiation and affordability offered to users. We identify key differentiation levers such as combo packs (data+voice), SoSMed, Content, Gaming and Music and grade them based on their pricing differential from their mean value. TSEL maintains sizeable score differentials including network while EXCL, our 2nd pick has balanced measurements in all levers with Niko Margaronis enough network leverage. We maintain our overweight position as Indosat and (62-21) 5091 4100 ext. 3512 Hutch have room to take a constructive view which essentially serves in [email protected] improving their own profitability and contributes to sector health.

Target Market Price Cap. P/E (x) P/BV (x) ROE (%) Company Ticker Rec (Rp) (RpBn) 2019F 2020F 2019F 2020F 2020F Telkom TLKM IJ BUY 5,100 420,023.8 19.4 17.8 3.9 3.5 20.8 XL Axiata EXCL IJ BUY 4,100 31,208.8 44.8 26.9 1.6 1.5 5.9 www.danareksa.comIndosat Ooredoo ISAT IJ BUY 4,200 17,714.6See importantn/m disclosuren/m at the back1.7 of this report1.8 (7.9)

Exhibit 1 . Operators Scorecard in relation to network and pricing

XL Operators Scorecard Telkomsel Axiata Indosat Smartfren Hutchison 3 Download speed 5.0 4.0 3.0 1.0 2.0 Upload speed 5.0 4.0 2.0 1.0 3.0 Data latency 4G 5.0 3.0 1.0 2.0 4.0 Video experience 5.0 4.0 2.0 1.0 3.0 Voice experience 5.0 3.0 2.0 1.0 4.0 4G Availability 2.0 3.0 1.0 5.0 4.0 Network score (Opensignal) 4.5 3.5 1.8 1.8 3.3

Download improvement 5.0 2.0 4.0 1.0 3.0 Upload improvement 5.0 3.0 3.0 1.0 2.0 Latency 4G improvement 1.0 2.0 4.0 5.0 3.0 Video improvement 3.0 2.0 5.0 1.0 4.0 Voice improvement n.a. n.a. n.a. n.a. n.a. 4G Availability improvement 5.0 4.0 3.0 1.0 2.0 Most improved network score (Opensignal) 3.8 2.6 3.8 1.8 2.8

Differentiation SoSMed 5.0 4.0 3.0 2.0 1.0 Music 4.0 3.0 2.0 5.0 1.0 Gaming 4.0 2.0 1.0 5.0 3.0 Content 4.0 1.0 2.0 3.0 5.0 Combos 5.0 2.5 1.0 2.5 4.0 Average Differentiation Score 4.4 2.5 1.8 3.5 2.8

Affordability Short Duration Quotas 1.0 3.0 4.0 5.0 2.0 30day Data packs

Full Score 3.5 3.0 2.9 2.9 2.7

Source : Operators price lists

See important disclosure at the back of this report 2 www.danareksa.com

Exhibit 2. Operators data vols & actual yield/GB

Traffic Rp ('000) Petabytes 45 2,000

40 40.5 1,800

35 35.3 1,600 31.4 1,400 30 1,200 25 25.9 23.0 21.6 1,000 20 20.9 800 16.2 16.9 15 14.9 15.2 13.5 600 11.5 11.7 10 10.1 10.4 10.2 10.3 10.9 10.5 8.9 9.7 8.9 8.6 400 6.3 6.3 6.5 6.5 6.1 6.2 5 200 0 0 1Q16 2Q 3Q 4Q 1Q17 2Q 3Q 4Q 1Q18 2Q 3Q 4Q 1Q19 2Q 3Q19 TSEL yield LHS EXCL yield LHS ISAT yield LHS TSEL traffic RHS EXCL traffic RHS ISAT traffic RHS

Source : Operators quarterly disclosures

Exhibit 3. Operators quarterly blender ARPU

Source : Operators quarterly disclosures

See important disclosure at the back of this report 3 www.danareksa.com

Exhibit 4. Data combos

Data Combos & yield/GB

Unlimited Jumbo (FUP: 38GB/month) Rp150000 Freedom Combo 70GB 30day Rp150000 Indosat Freedom Combo 40GB 30day Rp100000 XL Axiata Freedom Combo 30GB 30day Rp70000 Hutch 3 Freedom Combo 20GB 30day Rp50000 Freedom Combo 10GB 30day Rp35000 Smartfren Freedom Combo 6GB 30day Rp25000 Telkomsel Freedom Combo 50GB 30day Rp150000 Freedom Combo 30GB 30day Rp100000 Freedom Combo 20GB 30day Rp70000 Freedom Combo 14GB 30day Rp50000 Freedom Combo 8GB 30day Rp35000 Freedom Combo 4GB 30day Rp25000

XTRA COMBO Lite 15-21GB Rp75000 XTRA COMBO Lite 8-11GB Rp55000 XTRA COMBO VIP 70GB Rp216000 XTRA COMBO VIP 40GB Rp164000 XTRA COMBO VIP 30GB Rp120000 XTRA COMBO VIP 20GB Rp89000 XTRA COMBO VIP 10GB Rp62000 XTRA COMBO 70GB Rp212000 XTRA COMBO 40GB Rp159000 XTRA COMBO 30GB Rp114000 XTRA COMBO 20GB Rp81000 XTRA COMBO 10GB Rp54000

Keep ON 5GB 30-day - Promo Rp75000 Keep ON 18GB 30-day Rp99000 Keep ON 8GB 30-day Rp59000 Combo 38GB 30day Rp85000 Combo 35GB 30day Rp80000 Combo 8GB 30day Rp100000 Combo 3GB 30day Rp35000 Combo 2GB 30day Rp30000

Unlimited 7day FUP:1GB Rp28000 Unlimited 5day FUP:1GB Rp20000 Unlimited 1day FUP:1GB Rp9000 Unlimited 30day FUP:1.5GB Rp100000 Unlimited 28day FUP:1GB Rp75000 Unlimited Lite 28day FUP:0.5GB Rp50000

Simp. Combo 30GB Rp149000 Simp. Combo 25GB Rp152000 Simp. Combo 19GB Rp115000 Simp. Combo 6.5GB Rp63000 K. AS Combo 4GB Rp58000 Loop Combo 2GB Rp39000 Rp0k Rp5k Rp10k Rp15k Rp20k

Source : Operators price list

See important disclosure at the back of this report 4 www.danareksa.com

Exhibit 5. Unlimited packs

Unlimited data packs & Yield/GB

Unlimited Jumbo (FUP: 38GB/month) Rp150000

Unlimited 10GB (FUP: 25GB/month) Rp100000

Unlimited 7GB (FUP: 20GB/month) Rp80000

Unlimited 3GB (FUP: 15GB/month) Rp60000

Unlimited 2GB (FUP: 7.5GB/month) Rp40000

Unlimited 1GB (FUP: 4.5GB/month) Rp25000

Bronet Owsem 80GB Rp90000

Bronet Owsem 48GB Rp70900

Bronet Owsem 32GB Rp57000

Bronet Owsem 24GB Rp51900

Bronet Owsem 16GB Rp39900

UNLIMITED + AON 16GB Rp110000

UNLIMITED + AON 10GB Rp80000

UNLIMITED + AON 6GB Rp55000

Unlimited 30day FUP:1.5GB Rp100000

Unlimited 28day FUP:1GB Rp75000

Unlimited Lite 28day FUP:0.5GB Rp50000

Rp0k Rp2k Rp4k Rp6k Rp8k Rp10k

Source : Operators price list

Exhibit 6. Game packs

Source : Operators price list

See important disclosure at the back of this report 5 www.danareksa.com

Exhibit 7. Content packs

Content packs & Yield/GB

KlikFilm Bonus 4GB 30day Rp58300 Indosat KlikFilm Bonus 2GB 7day Rp23100 Unlimited 1GB 7day (FUP: 2GB/7days) Rp15000 XL Axiata Unlimited 0.5GB 2day (FUP: 1GB/2days) Rp5000 Hutch 3 Unlimited 10GB (FUP: 25GB/month) Rp100000 Unlimited 7GB (FUP: 20GB/month) Rp80000 Smartfren Telkomsel XTRA QUOTA iflix 5GB Rp10000 XTRA QUOTA Joox 2GB Rp10000 XTRA QUOTA Youtube 2GB Rp10000 XTRA COMBO VIP 70GB Rp216000 XTRA COMBO VIP 40GB Rp164000 XTRA COMBO VIP 30GB Rp120000 XTRA COMBO VIP 20GB Rp89000 XTRA COMBO VIP 10GB Rp62000 XTRA COMBO 70GB Rp212000 XTRA COMBO 40GB Rp159000 XTRA COMBO 30GB Rp114000 XTRA COMBO 20GB Rp81000 XTRA COMBO 10GB Rp54000

Reguler + Streaming +Telepon 7day Rp15000 30GB + KlikFilm 30day MovieMax Rp115000 10GB + Viu 30day Rp65000 10GB + KlikFilm 30day MovieMax Rp50000 3.75GB + Genflix 7day Rp25000 3.75GB + Klikfilm 7day Rp25000 Only in Bima+ 7day Rp35000 AddOn 5GG 1day Rp5000 AddOn 12GB 30day Rp50000 AddOn 20GB 30day Rp70000 AddOn 15GB 30day Rp60000 AddOn 12GB 30day Rp50000 AddOn 10GB 30day Rp50000 Keep ON 15GB 30-day -certain areas Rp108000 Keep ON 8GB 30-day Rp108000 Keep ON 5GB 30-day - Promo Rp75000 Keep ON 1GB 30-day Rp58000 Keep ON 18GB 30-day Rp99000 Keep ON 8GB 30-day Rp59000 Keep ON 5GB 7-day Rp30000 Keep ON 5GB 7-day Rp29000 Keep ON 3GB 3-day Rp19000

Music 0.6GB 7day Rp6000 Music 0.3GB 1day Rp3000 Premium akses Hooq/Viu 1GB 30day Rp30000 Premium akses Hooq/Viu 0.5GB 7day Rp10000 Premium akses Hooq/Viu 0.3GB 1day Rp3000 Video 7.0GB 30day Rp20000 Video 3.5GB 7day Rp10000 Video 1.5GB 1day Rp5000

YouTube 1GB 7day Rp4000 YouTube 100GB 1day Rp10000 Simp. 52GB Rp191000 K. AS 32GB Rp166000 Simp. Combo 30GB Rp149000 Simp. 27GB Rp152000 Simp. Combo 25GB Rp152000 Simp. Combo 19GB Rp115000 K. AS 17GB Rp114000 Loop 17GB Rp103000 Simp. 14GB Rp102000 K. AS 10GB Rp89000 Loop 10GB Rp77000 Simp., K. AS 7GB Rp63000 K. AS 6.5GB Rp63000 Simp. Combo 6.5GB Rp63000 K. AS Combo 4GB Rp58000 Simp., K. AS 4GB Rp39000 Rp0k Rp10k Rp20k Rp30k Rp40k Rp50k Rp60k

Source : Operators price list

See important disclosure at the back of this report 6 www.danareksa.com

Exhibit 8. Sosmed packs

Source : Operators price list

See important disclosure at the back of this report 7 www.danareksa.com

Exhibit 9. Short duration data quota packs

Source : Operators price list

See important disclosure at the back of this report 8 www.danareksa.com

Exhibit 10. Below IDR50,000 data quota packs

below Rp50k data packs

Unlimited 2GB (FUP: 7.5GB/month) Rp40000 Unlimited 1GB (FUP: 4.5GB/month) Rp25000 Freedom Combo 10GB 30day Rp35000 Freedom Combo 6GB 30day Rp25000 Freedom Combo 8GB 30day Rp35000 Freedom Combo 4GB 30day Rp25000

Bronet Owsem 16GB Rp39900 Bronet 5GB 30day Rp Bronet 3GB 30day Rp Bronet 2GB 30day Rp Bronet 1GB 30day Rp XTRA COMBO Lite 4.5GB Rp

Combo 3GB 30day Rp35000 Combo 2GB 30day Rp30000

Unlimited Social 30day Rp25000 Games 1GB 30day Rp35000 Music 2.0GB 30day Rp15000 Premium akses Hooq/Viu 1GB 30day Rp30000 Video 7.0GB 30day Rp20000 Internet volume 8GB 28day Rp38800 Super 4G Kuota 30day 16GB Rp40000 Super 4G Kuota 30day 10GB Rp30000

MusicMAX 30day Rp25000 MusicMAX Smule VIP 30day Rp25000 NOMO 30day Rp15000 Gigamax new 30day Rp25000 IFLIX 30day Rp39000 Viu 2GB 30day Rp30000 MAXstream 30day 10GB Rp17000 MAXstream 30day 5GB Rp30000 MAXstream 30day 2GB Rp15000 Loop Combo 2GB Rp39000 Loop 3GB Rp41000 Simp., K. AS 4GB Rp39000

Rp0k Rp10k Rp20k Rp30k Rp40k

Source : Operators price list

See important disclosure at the back of this report 9 www.danareksa.com

Exhibit 11. Data packs @ between IDR50,000 – IDR 75,000

Source : Operators price list

See important disclosure at the back of this report 10 www.danareksa.com

Exhibit 12. Telkomsel price list

Data prices (Rp) DKI Jakarta Telkomsel packages a) b) c) Jan. content/g Voice & SMS total (selected) Q1 Q2 Q3 Q4 Data yield/Gb 2020 2G,3G, aming GBs 4G 30 DAY - Data, bundles, Combos Simp., K. AS 4GB 34,000 34,000 34,000 39,000 39,000 3GB 1GB OMG! 4 9,800 Loop 3GB 39,000 41,000 41,000 41,000 41,000 3GB 3 13,700 Loop Combo 2GB 39,000 39,000 39,000 39,000 39,000 2GB 60 minsonnet 2 19,500 K. AS Combo 4GB 58,000 58,000 58,000 58,000 58,000 2GB 2GB OMG! 100 minsonnet 4 14,500 Simp. Combo 6.5GB - 63,000 63,000 63,000 63,000 4.5GB 2GB OMG! 100 minsonnet 7 9,700 K. AS 6.5GB - 60,000 60,000 63,000 63,000 4.5GB 2GB OMG! 7 9,700 Simp., K. AS 7GB - - - 63,000 63,000 5GB 2GB OMG! 7 9,000 Loop 8GB 73,000 76,000 76,000 76,000 76,000 8GB 8 9,500 Loop 10GB - - - 77,000 77,000 8GB 2GB OMG! 10 7,700 K. AS 10GB 82,000 84,000 84,000 89,000 89,000 8GB 2GB OMG! 10 8,900 Simp. 14GB 96,000 99,000 99,000 102,000 102,000 12GB 2GB OMG! 14 7,300 Loop 17GB - - - 103,000 103,000 15GB 2GB OMG! 17 6,100 K. AS 17GB 105,000 107,000 107,000 114,000 114,000 15GB 2GB OMG! 17 6,700 Simp. Combo 19GB - 115,000 115,000 115,000 115,000 17GB 2GB OMG! 300 mins onnet 19 6,100 Simp. Combo 25GB 143,000 - - - 152,000 23GB 2GB OMG! 100 minsonnet 25 6,100 Simp. 27GB 143,000 146,000 146,000 152,000 152,000 25GB 2GB OMG! 27 5,600 Simp. Combo 30GB - 149,000 149,000 149,000 149,000 28GB 2GB OMG! 600 minsonnet 30 5,000 K. AS 32GB 153,000 155,000 155,000 166,000 166,000 30GB 2GB OMG! 32 5,200 Simp. 52GB 180,000 182,000 182,000 191,000 191,000 50GB 2GB OMG! 52 3,700 7 DAY - Data Simp., K.AS 1GB 29,000 29,000 27,000 27,000 27,000 1GB 1 27,000 Simp., K. AS 2GB 36,000 36,000 34,000 34,000 34,000 2GB 2 17,000 Simp., K. AS 3GB 41,000 41,000 39,000 39,000 39,000 3GB 3 13,000 Simp., Loop, K. AS 5GB 49,000 49,000 48,000 48,000 48,000 5GB 5 9,600 Simp., K.AS 15GB - - 58,000 58,000 58,000 15GB 15 3,900 3 DAY - Data Simp. K. AS, Loop 1GB 18,000 18,000 16,000 16,000 16,000 1GB 1 16,000 Simp., Loop, K. AS 2GB 24,000 24,000 22,000 22,000 22,000 2GB 2 11,000 Simp., Loop, K. AS 3GB 29,000 29,000 27,000 27,000 27,000 3GB 3 9,000 Simp., Loop, K. AS 7GB - - 37,000 37,000 37,000 7GB 7 5,300 Simp., K.AS 15GB - - 47,000 47,000 47,000 15GB 15 3,100 1 DAY - Data Simpati, Loop, K. AS 500MB 9,000 9,000 9,000 9,000 9,000 0.5GB 1 18,000 Simpati, K. AS 3GB 22,000 22,000 13,000 13,000 13,000 3GB 3 4,300 By.U By.U 2GB 3day 9,000 9,000 3GB 3 3000 By.U 10GB 1day 10,000 10,000 10GB 10 1000 By.U 3GB 14day 15,000 15,000 3GB 3 5000 By.U 10GB 30day 50,000 50,000 30GB 30 1700 By.U Add-ons: Voice 30day 1,000 1,000 30day voice in By. U network - - Voice 1day 6,000 6,000 25mins voice offnet - - YouTube 100GB 1day 10,000 10,000 100GB 100 100 YouTube 1GB 7day 4,000 4,000 1GB 1 4000 Youtube 3GB 30day 12,500 12,500 3GB 3 4200 Instagram 3GB 30day 5,000 5,000 3GB 3 1700 Twitter 2GB 30day 5,000 5,000 3GB 3 1700 Twitter 512MB 3day 2,000 2,000 0.5GB 1 4000 Spotify 2GB 30day 8,500 8,500 2GB 2 4300 FB 1GB 7day 4,000 4,000 1GB 1 4000 FB 2GB 30day 8,500 8,500 2GB 2 4300 Line 2GB 30day 8,500 8,500 2GB 2 4300 Joox 2GB 30day 8,500 8,500 2GB 2 4300 WA 2GB 30day 8,500 8,500 2GB 2 4300

OMG! untuk akses Youtube, Facebook, Instagram, MAXstream, HOOQ, Viu, iFlix, Klik Film, Bein Sport, dan Nickelodeon Play berlaku 30 hari. GameMax: PUBG, Free Fire, Mobile Legends, LINE Lets Get Rich, Arena of Valor, ShellFire Source : Telkomsel price list

See important disclosure at the back of this report 11 www.danareksa.com

Exhibit 13. Telkomsel MAXstream price list

Data prices (Rp) DKI Jakarta b) c) Telkomsel packages a) Jan. content/g Voice & SMS total (selected) Q1 Q2 Q3 Q4 Data yield/Gb 2020 2G,3G, aming GBs 4G "Maxstream" MAXstream 30day 2GB 15000 2GB 2 7,500 MAXstream 30day 5GB 30000 5GB 5 6,000 MAXstream 3day 7GB 15000 7GB 7 2,100 MAXstream 30day 12GB 60000 12GB 12 5,000 MAXstream 30day 20GB 90000 20GB 20 4,500 MAXstream 30day 10GB 17000 10GB 10 1,700 "Maxstream" includes: a) Premium Subscription in Vidio Premier Gold, Viu, Hooq b) Access to MAXstream, beIN SPORT, HBO GO, Hooq, Iflix, KlikFilm, Nickelodeon, Vidio, Viu Maxstream Viu/Vidio/Iflix/Hooq Viu 1GB 7day 10,000 10,000 1GB 1 10,000 Viu 2GB 30day 30,000 30,000 2GB 2 15,000 Viu 4GB 90day 70,000 70,000 4GB 4 17,500 "Maxstream VIU" includes Maxstream & premium VIU subscription Vidio 3GB 7day 30,000 2GB 2 15,000 Vidio 5GB 30day 50,000 4GB 4 12,500 Vidio 10GB 90day 80,000 10GB 10 8,000 "Maxstream Vidio" includes: Access to Vidio Premier Platinum content incl. Liga 1, CL, films, serials, news, Maxstream channels and OMG! IFLIX 365day 100,000 100,000 12GB 12 8,300 IFLIX 60day 30,000 30,000 5GB 5 6,000 IFLIX 30day 39,000 39,000 3GB 3 13,000 IFLIX 14day 10,000 10,000 2GB 2 5,000 IFLIX 7day 15,000 15,000 1GB 1 15,000 Maxstream IFLIX includes: Maxstream & access VIP IFLIX in line with packet validity Gigamax new 30day 25,000 25,000 1GB 5GB 6 4,200 Gigamax basic 30day 49,000 55,000 2GB 10GB 12 4,100 Gigamax lite 30day 99,000 105,000 6GB 20GB 26 3,800 Gigamax Pro 30day 149,000 155,000 12GB 30GB 42 3,500 Gigamax series includes: Maxstream & HOOQ subscription MAXstream Gala Gala 7GB 30day 69,000 7GB 7 9,900 Gala 15GB 30day 99,000 15GB 15 6,600 Gala 30GB 30day 149000 30GB 30 5,000 Premium Subscription: HBO GO, Hooq, Vidio & Viu. Access to all MAXstream channels Maxstream HBO GO 30day 60,000 60,000 5GB 5 12,000 Subscription: HBO GO. Access: Maxstream, beINsport, Hooq, Iflix, Klikfilm, Nickelodeon, Viu MAXstream NOMO NOMO 3day 2000 0.5GB 0.5 3,900 NOMO 14day 9000 2GB 2 4,500 NOMO 30day 15000 2GB 2 7,500 NOMO includes: Access to MAXstream, beIN Sport Connect, Hooq, Iflix, Klikfilm, Nickelodeon, Viu MUSICMAX MusicMAX Smule VIP 30day 25,000 1GB 1GB incl. Voucher Smule VIP 2 12,500 MusicMAX 30day 25,000 1GB 1GB incl. bonus LangitMusik Premium2 12,500 *LangitMusik, Spotify, JOOX, Smule, and Noice + radio streaming app include Prambors Gen FM, Trax FM Jakarta, iRadio, Hard Rock FM, Cosmopolitan FM and Brava FM GamesMax 25,000 25,000 25,000 25,000 25,000 1GB 2GB 3.0 8,300 Source : Telkomsel price list

See important disclosure at the back of this report 12 www.danareksa.com

Exhibit 14. XL Axiata and Axix price list

Data Offerings yield/G a) d) XL Axiata plans (selected) - DKI Jakarta Dec Jan b) c) e) f) b if Promo Data 2G,3G,4G Streaming Content, Total GB yield/Gb '19 '20 Data extra, gaming Midnight offer SoSMed / XTRA Zero bonus Voice cashba unless stated video/music ck 30 DAY - XTRA Combo "Baru" FUP:5GB XTRA COMBO 10GB 30day 59,000 59,000 54,000 5GB 5GB YouTube Youtube 1am-6am 20 mins offnet 12.5 4,700 WA, TW, LN, Joox, XTRA COMBO 20GB 30day 89,000 89,000 81,000 10GB 10GB YouTube Youtube 1am-6am 30 mins offnet 22.5 4,000 AOV, Smule, 3GB XTRA COMBO 30GB 30day 129,000 129,000 114,000 15GB 15GB YouTube Youtube 1am-6am Tokped, IG, 40 mins offnet 32.5 4,000 XTRA COMBO 40GB 30day 179,000 179,000 159,000 20GB 20GB YouTube Youtube 1am-6am GoogleDuo, FB. 60 mins offnet 42.5 4,200 XTRA COMBO 70GB 30day 239,000 239,000 212,000 35GB 35GB YouTube Youtube 1am-6am (10days) 90 mins offnet 72.5 3,300 30 DAY - XTRA Combo VIP Network FUP:5GB Free subscription: XTRA COMBO VIP 10GB 30day 69,000 69,000 62,000 5GB antihangus 5GB YouTube Youtube 1am-6am iFlix, Tribe, Yonder 20 mins offnet 12.5 5,500 WA, TW, LN, Joox, XTRA COMBO VIP 20GB 30day 99,000 99,000 89,000 10GB antihangus 10GB YouTube Youtube 1am-6am iFlix, Tribe, Yonder AOV, Smule, 30 mins offnet 22.5 4,400 XTRA COMBO VIP 30GB 30day 139,000 139,000 120,000 15GB antihangus 15GB YouTube Youtube 1am-6am iFlix, Tribe, Yonder 3GB Tokped, IG, 40 mins offnet 32.5 4,300 XTRA COMBO VIP 40GB 30day 189,000 189,000 164,000 20GB antihangus 20GB YouTube Youtube 1am-6am iFlix, Tribe, Yonder GoogleDuo, FB. 60 mins offnet 42.5 4,400 XTRA COMBO VIP 70GB 30day 249,000 249,000 216,000 35GB antihangus 35GB YouTube Youtube 1am-6am iFlix, Tribe, Yonder (10days) 90 mins offnet 72.5 3,400 30 DAY - XTRA Combo Lite (regional indicative) WA, TW, LN, Joox, XTRA COMBO Lite 8-11GB 30day 45,000 55,000 5GB 2GB 4G 1GB YouTube 5 mins offnet 8.0 4,700 3GB AOV, Smule, XTRA COMBO Lite 15-21GB 30day 65,000 75,000 10GB 4GB 4G 1GB YouTube Tokped, IG, 15 mins offnet 15.0 4,000 30 DAY - XTRA Kuota XTRA QUOTA Youtube 2GB 30day 10,000 10,000 10,000 2GB ------2.0 5,000 XTRA QUOTA Facebook 2GB 30day 10,000 10,000 10,000 2GB ------2.0 5,000 XTRA QUOTA Waze 10GB 30day 10,000 10,000 10,000 10GB ------10.0 1,000 XTRA QUOTA 30GB 30day 11,900 11,900 11,900 1GB (sosmed, content)14GB Iflix 15GB 1am-6am 15GB 1am-6am - - 30.0 400 XTRA QUOTA Midnight 5GB 30day 10,000 10,000 10,000 5GB ------5.0 2,000 XTRA QUOTA Instagram 2GB 30day 10,000 10,000 10,000 2GB ------2.0 5,000 XTRA QUOTA Joox 2GB 30day 10,000 10,000 10,000 10GB ------10.0 1,000 XTRA QUOTA iflix 5GB 30day 10,000 10,000 10,000 5GB ------5.0 2,000 XTRA QUOTA Mobile Legend 10GB 30day 10,000 10,000 10,000 10GB ------10.0 1,000 30 DAY - Hot Rod data HotRod 800MB 30,000 - - 1GB 0.8 37,500 HotRod 1.5GB 50,000 - - 2GB 1.5 33,300 HotRod 3GB 60,000 - - 3GB 3.0 20,000 HotRod 6GB 100,000 - - 6GB 6.0 16,700 HotRod 8GB 130,000 - - 8GB 8.0 16,300 HotRod 12GB 180,000 - - 12GB 12.0 15,000 HotRod 16GB 220,000 - - 16GB 16.0 13,800 Promo Hot Rod HotRod 1.5GB 25,000 - - 2GB 1.5 0 HotRod 3GB 30,000 - - 3GB 3.0 0 HotRod 6GB 50,000 - - 6GB 6.0 0 Short validity - Hot Rod data HotRod 120 MB 7day 6,000 - - 0.12GB 0.120 50,000 HotRod 350 MB 7day 12,000 - - 0.35GB 0.350 34,300 HotRod 100MB 2day 4,500 - - 0.10GB 0.100 45,000 HotRod 15MB 1day 1,500 - - 0.02GB 0.015 100,000 HotRod 60MB 1day 3,000 - - 0.06GB 0.060 50,000 Xtra Rejeki - 7-day & 30-day packs FUP: 0.25GB 10mins offnet, Xtra Rejeki 100mins 7days 10,000 10,000 10,000 0GB GB WA, LN, GJ, WZ 1.80 5,556 2,857 90mins onnet 15mins offnet, Xtra Rejeki 200mins 14days 20,000 20,000 20,000 0GB GB WA, LN, GJ, WZ 3.60 5,556 2,857 185mins onnet Xtra Rejeki 3GB 30days 65,000 65,000 65,000 3GB GB Youtube 1am-6am WA, LN, GJ, WZ 15.5 4,194 2,043 Xtra Rejeki 6GB 30days 125,000 125,000 125,000 6GB GB Youtube 1am-6am WA, LN, GJ, WZ 18.5 6,757 3,153 Xtra Rejeki 15GB 30days 200,000 200,000 200,000 15GB GB Youtube 1am-6am WA, LN, GJ, WZ 27.5 7,273 3,636 AXIS BRONET 24 Jam 30day Bronet 1GB 30day 16,900 16,900 1GB 2G/3G/4G 1.0 16,900 Bronet 2GB 30day 24,900 24,900 2GB 2G/3G/4G 2.0 12,500 Bronet 3GB 30day 30,900 30,900 3GB 2G/3G/4G 3.0 10,300 Bronet 5GB 30day 46,900 46,900 5GB 2G/3G/4G 5.0 9,400 Bronet 8GB 30day 62,900 62,900 8GB 2G/3G/4G 8.0 7,900 Bronet 10GB 30day 74,900 74,900 10GB 2G/3G/4G 10.0 7,500 Bronet 12GB 30day 83,900 83,900 12GB 2G/3G/4G 12.0 7,000 Bronet 16GB 30day 0 97,900 16GB 2G/3G/4G AXIS BRONET 24 Jam 1day & 7day Bronet 500MB 1day 4,000 0.5GB 2G/3G/4G 0.5 8,000 Bronet 1GB 1day 4,900 1GB 2G/3G/4G 1.0 4,900 Bronet 2GB 1day 7,900 2GB 2G/3G/4G 2.0 4,000 Bronet 3GB 1day 8,900 3GB 2G/3G/4G 3.0 3,000 Bronet 1GB 7day 10,900 1GB 2G/3G/4G 1.0 10,900 Bronet 1.5GB 7day 13,500 1.5GB 2G/3G/4G 1.5 9,000 Bronet 2GB 7day 15,900 2.0GB 2G/3G/4G 2.0 8,000 Bronet 3GB 7day 17,900 3GB 2G/3G/4G 3.0 6,000 Bronet 5GB 7day 19,900 5GB 2G/3G/4G 5.0 4,000 Bronet 8GB 7day 24,900 8GB 2G/3G/4G 8.0 3,100 AXIS brand 30 DAY - unlimited games Bronet Owsem 16GB 39,900 39,900 39,900 2GB 2G/3G/4G 30GB Unlimited Games* 6GB Kuota 4GB Joox, Smule 4GB FB, IG, TW, TikTok - 46.0 900 Bronet Owsem 24GB 51,900 51,900 51,900 3GB 2G/3G/4G 30GB Unlimited Games* 9GB Kuota 6GB Joox, Smule 6GB FB, IG, TW, TikTok - 54.0 1,000 Bronet Owsem 32GB 59,900 59,900 57,000 4GB 2G/3G/4G 30GB Unlimited Games* 12GB Kuota 8GB Joox, Smule 8GB FB, IG, TW, TikTok - 62.0 1,000 Bronet Owsem 48GB 74,900 74,900 70,900 6GB 2G/3G/4G 30GB Unlimited Games* 18GB Kuota 12GB Joox, Smule 12GB FB, IG, TW, TikTok - 78.0 1,000 Bronet Owsem 80GB 94,900 94,900 90,000 10GB 2G/3G/4G 30GB Unlimited Games* 30GB Kuota 20GB Joox, Smule 20GB FB, IG, TW, TikTok - 110.0 900 OBOR dinihari (24.00-06.00) Kuota 2GB 3day 5,000 2GB 2.0 2,500 Kuota 8GB 7day 18,900 8GB 8.0 2,400 Kuota 5GB 30day 19,900 5GB 5.0 4,000 Kuota 14GB 10day 25,900 14GB 14.0 1,900 Kuota 10GB 30day 39,900 10GB 10.0 4,000 Kuota 15GB 30day 54,900 15GB 15.0 3,700 AXIS BOOSTR SOSMED/VIDEO/GAMES/MUSIC/SUNSET Boostr 0.5GB 1day 500 500 500 - - 0.5GB 0.5 1,000 Boostr 1GB 1day 1,000 1,000 1,000 - - 1.0GB 1.0 1,000 Boostr 2GB 1day 1,500 1,500 1,500 - - 1.0GB 1.0 1,500 Boostr 1GB 7day 3,500 3,500 3,500 - - 2.0GB 2.0 1,800 Boostr 2GB 7day 5,500 5,500 5,500 - - 1.0GB 1.0 5,500 Boostr 3GB 7day 7,500 7,500 7,500 - - 2.0GB 2.0 3,800 Access to Games*: Freefire, Arena of Valor, Vain Glory, Mobile legends, Asphalt Legends, Modern Combat 5 Blackout Source: XL Axiata and Axis price list

See important disclosure at the back of this report 13 www.danareksa.com

Exhibit 15. Indosat Ooredoo price list

Offerings a) Apps c) e) f) g) h) i) Indosat Data Plans - 2G/3G/4G (c), (d) UNLIMITED UNLIMITED Sos GB Mid- IM3 Voice data DKI Jakarta - Mar Jun Sep Dec Content / Streaming / Med, ride-hailing night data & SMS rollo yield/g Jan '20 Total GB (selected) '19 '19 '19 '19 ecommerce option ver b

FREEDOM COMBOS Freedom Combo 4GB 30day - 25,000 25,000 25,000 25,000 3GB - - 1GB 5mins offnet yes 4 6,250 Freedom Combo 8GB 30day - 35,000 35,000 35,000 35,000 6GB - - 2GB 20mins offnet yes 8 4,375 Freedom Combo 14GB 30day - 50,000 50,000 50,000 50,000 11GB - - 3GB 30mins offnet yes 14 3,571 Freedom Combo 20GB 30day - 70,000 70,000 70,000 70,000 16GB - - 4GB 40mins offnet yes 20 3,500 Freedom Combo 30GB 30day - 100,000 100,000 100,000 100,000 24GB - - 6GB 50mins offnet yes 30 3,333 Freedom Combo 50GB 30day - 150,000 150,000 150,000 150,000 40GB - - 10GB 60mins offnet yes 50 3,000 Freedom Combo 50GB - 90day - 200,000 200,000 200,000 200,000 40GB - - 10GB 60mins offnet yes 50 4,000 FREEDOM COMBOS - bigger quotas in specific areas Freedom Combo 6GB 30day - 25,000 25,000 25,000 25,000 4GB - - 2GB 5mins offnet yes 6 4,167 Freedom Combo 10GB 30day - 35,000 35,000 35,000 35,000 8GB - - 2GB 20mins offnet yes 10 3,500 Freedom Combo 20GB 30day - 50,000 50,000 50,000 50,000 15GB - - 5GB 30mins offnet yes 20 2,500 Freedom Combo 30GB 30day - 70,000 70,000 70,000 70,000 22GB - - 8GB 40mins offnet yes 30 2,333 Freedom Combo 40GB 30day - 100,000 100,000 100,000 100,000 32GB - - 8GB 50mins offnet yes 40 2,500 Freedom Combo 70GB 30day - 150,000 150,000 150,000 150,000 60GB - - 10GB 60mins offnet yes 70 2,143 Freedom Combo 70GB 90day - 200,000 200,000 200,000 200,000 60GB - - 10GB 60mins offnet yes 70 2,857 FREEDOM INTERNET Freedom Internet 2GB 30day, 15day - - - 15,000 15,000 2GB 2 7,500 Freedom Internet 3GB 30day - - - 25,000 25,000 3GB 3 8,300 Freedom Internet 10GB 30day - - - 50,000 50,000 10GB 10 5,000 Freedom Internet 18GB 30day - - - 75,000 75,000 18GB 18 4,200 Freedom Internet 25GB 30day - - - 100,000 100,000 25GB 25 4,000 FREEDOM INTERNET - bigger quotas in specific areas Freedom Internet 3GB 15day - - - - 15,000 3GB 3 5,000 Freedom Internet 4GB 30day - - - - 25,000 4GB 4 6,300 Freedom Internet 13GB 30day - - - - 50,000 13GB 13 3,800 Freedom Internet 21GB 30day - - - - 75,000 21GB 21 3,600 Freedom Internet 30GB 30day - - - - 100,000 30GB 30 3,300 UNLIMITED / 30day Unlimited 1GB WA, FB, FBMes, 25,000 25,000 25,000 25,000 25,000 1GB 4.5GB Spotify, Joox 1GB - yes 7 3,800 (FUP: 4.5GB/month) TW, Grab, LN, GJ Unlimited 2GB WA, FB, FBMes, 40,000 40,000 40,000 40,000 40,000 2GB 7.5GB Spotify, Joox 1GB - yes 11 3,800 (FUP: 7.5GB/month) TW, Grab, LN, GJ Unlimited 3GB YouTube, WA, FB, FBMes, Unlimited IM3 50,000 50,000 50,000 60,000 60,000 3GB 15GB 1GB yes 19 3,200 (FUP: 15GB/month) Spotify, Joox TW, Grab, LN, GJ SMS Unlimited 7GB YouTube, Spotify, IG, WA, FB, FBMes, Unlimited IM3 75,000 75,000 75,000 80,000 80,000 7GB 20GB 3GB yes 30 2,700 (FUP: 20GB/month) Joox, SHPE, TKPD, TW, Grab, LN, GJ calls & SMS YouTube, Spotify, IG, Unlimited 10GB WA, FB, FBMes, Unlimited IM3 100,000 100,000 100,000 100,000 100,000 10GB 25GB Joox, SHPE, TKPD, 3GB yes 38 2,600 (FUP: 25GB/month) TW, Grab, LN, GJ calls & SMS TRVLK, BL IM3 calls and Unlimited Jumbo SMS Unlimited 150,000 150,000 150,000 150,000 150,000 38GB - - 3GB - 41 3,700 (FUP: 38GB/month) 100 mins offnet, 100 UNLIMITED / short validity Unlimited 0.5GB 2day 5,000 5,000 5,000 5,000 5,000 0.5GB 1GB YouTube, spotify, Joox WA, FB, FBMes, 0.5GB 2 2,500 (FUP: 1GB/2days) TW, Grab, LN, GJ 0.25GB

Unlimited 1GB 7day WA, FB, FBMes, 13,000 13,000 13,000 15,000 15,000 1GB 2GB YouTube, spotify, Joox 0.5GB 4 4,300 (FUP: 2GB/7days) TW, Grab, LN, GJ YELLOW short validity - Data Yellow 1GB 7day 9,000 9,000 9,000 10,000 10,000 1GB 0.0GB 1.0 10,000 Yellow 5GB 7day - - - 12,000 12,000 1GB 4.0GB 5 2,400 Yellow 1GB 3day 4,500 4,500 4,500 5,000 5,000 1GB 0.0GB - 1 4,500 Yellow 2GB 3day - - - 5,500 5,500 1GB 1.0GB 2 2,800 Yellow 700MB 1day - - - 2,500 2,500 0.7GB 0.0GB 1 3,600 Yellow 1GB 1day 2,500 2,500 2,500 3,500 3,500 1GB 0.0GB - 1 2,500 IZZY Paket Nelpon IM3 10day pack - 10,000 10,000 10,000 - 1GB 10 offnet / 50 onnet mins 10,000 15day pack - 15,000 15,000 15,000 - 1GB 20 offnet / 80 onnet mins 15,000 30day pack - 20,000 20,000 20,000 - 1GB 50 offnet / 200 onnet mins 20,000 Speed Boosters and Kuotas 0 Speed booster - 5,000 5,000 - - - 0 +1 5,000 Extra Kuota (+speedbooster) - 10,000 10,000 10,000 10,000 1GB + 1GB in Unlimited 4.0GB 5+1 1,818 Extra Kuota (+speedbooster) - 25,000 25,000 25,000 25,000 3GB + 3GB in Unlimited 7.0GB 10 + 3 2,174 Extra Kuota (+speedbooster) - 40,000 40,000 40,000 40,000 5GB + 5GB in Unlimited 10.0GB 15 + 5 2,286 Pulsa Free applied in most packets. Speed falls to 64kbps after quotas are exhausted. Content MatchQuiz Bonus 100MB 3day 2,750 0.1GB 0 500 Gameloft Bonus 100MB 3day 2,750 0.1GB 0 500 Game Artist Bonus 100MB 3day 2,200 0.1GB 0 400 MViCall Bonus 100MB 3day 2,200 0.1GB 0 400 KlikFilm Bonus 2GB 7day 23,100 2GB 2 4,200 KlikFilm Bonus 4GB 30day 58,300 4GB 4 10,600 Games Seru MainMain game downloads 3day 2,500 Valentine Genflix 7day 11,000 Genflix 1day 550 Klikfilm 3day 4,400 Other Content Muslim Life Pro 4,400 TopSkor Bola 2200/sms MQTV Aa Gym 2200/sms Source: Indosat Ooredoo price list

See important disclosure at the back of this report 14 www.danareksa.com

Exhibit 16. Smartfren price list

Prices (Rp) 4G Offerings Mar Jun Sep Dec a) b) c) d) Total Smartfren data plans (selected) - DKI Jakarta Jan '20 yield/gb '19 '19 '19 '19 4G Data Mid-night Data SoS med, content etc Voice GB "Voucher Super 4G Unlimited" Unlimited - FUP Unlimited 1day FUP:1GB 9,000 9,000 9,000 9,000 9,000 1GB 1GB/day Unlimited onnet, 10mins offnet 1 9,000 Unlimited 5day FUP:1GB - 20,000 20,000 20,000 20,000 5GB 1GB/day Unlimited onnet, 10mins offnet 5 4,000 Unlimited 7day FUP:1GB - - - 28,000 28,000 7GB 1GB/day Unlimited onnet, 10mins offnet 7 4,000 Unlimited Lite 28day FUP:0.5GB - - - 50,000 50,000 14GB 0.5GB/day Unlimited onnet, 10mins offnet 14 3,600 Unlimited 28day FUP:1GB 65,000 65,000 70,000 70,000 75,000 30GB 1GB/day Unlimited onnet, 10mins offnet 30 2,500 Unlimited 30day FUP:1.5GB 100,000 100,000 100,000 100,000 100,000 45GB 1.5GB/day Unlimited onnet, 10mins offnet 45 2,200 "Voucher 4G data" Voucher Data 4G 3GB 7day 10,000 10,000 10,000 10,000 10,000 1.25GB 1.75 GB 01.00-05.00 1GB WA, LINE, BBM 4 2,500 Voucher Data 4G 8GB 14day 30,000 30,000 30,000 30,000 30,000 4GB 4.0 GB 01.00-05.00 2GB WA, LINE, BBM 10 3,000 Voucher Data 4G 16GB 30day 60,000 60,000 60,000 60,000 60,000 8GB 8.0 GB 01.00-05.00 3GB WA, LINE, BBM 19 3,200 "Super 4G data Kuota gokil" Super 4G Kuota 30day 10GB 30,000 30,000 30,000 30,000 30,000 5GB 5.0 GB 01.00-05.00 - 10mins offnet / unlimited onnet 10 3,000 Super 4G Kuota 30day 16GB 40,000 40,000 40,000 40,000 40,000 8GB 8.0 GB 01.00-05.00 - 10mins offnet / unlimited onnet 16 2,500 Super 4G Kuota 30day 30GB 60,000 60,000 60,000 60,000 60,000 15GB 15.0 GB 01.00-05.00 - 10mins offnet / unlimited onnet 30 2,000 Super 4G Kuota 30day 60GB 100,000 100,000 100,000 100,000 100,000 30GB 30.0 GB 01.00-05.00 - 10mins offnet / unlimited onnet 60 1,700 "Internet Berbasis Volume" Internet volume 3GB 7day 12,800 12,800 3GB Unlimited onnet 3 4,300 Internet volume 8GB 28day 38,800 38,800 8GB 8 4,900 "Super 4G Video" Netflix, Hooq, Viu, KlikFilm, Video 1.5GB 1day 5,000 5,000 2GB 2 3,300 MNC Now, Genflix, Sushiroll, Video 3.5GB 7day 10,000 10,000 4GB Vidio.com 4 2,900 Video 7.0GB 30day 20,000 20,000 7GB 7 2,900 "Super 4G Hooq/Viu" Viu/Hooq premium Premium akses Hooq/Viu 0.3GB 1day 3,000 3,000 0.3GB subscription 0 10,000 Premium akses Hooq/Viu 0.5GB 7day 10,000 10,000 0.5GB 1 20,000 Premium akses Hooq/Viu 1GB 30day 30,000 30,000 1GB 2 15,000 "Super 4G Music" SmartMusic premium Music 0.3GB 1day 3,000 3,000 0.3GB 0 10,000 subscription, Joox, Spotify, Music 0.6GB 7day 6,000 6,000 0.6GB Smule, radio stations 1 10,000 Music 2.0GB 30day 15,000 15,000 2GB 2 7,500 "Super 4G Games" Ludigames in Gameloft G\, Games 0.5GB 7day 20,000 20,000 0.5GB 1 40,000 Smartgames Games 1GB 30day 35,000 35,000 1.0GB 1 35,000 "Super 4G Social" Unlimited Social 1day 5,000 5,000 - 1 5,000 Unlimited FB, IG, TW, LN, WA Unlimited Sepuasnya 7day 10,000 10,000 - 7 1,400 Unlimited Social 30day 25,000 25,000 - 30 800 FUP: @ best speed for 1GB usage, @128kbps thereafter Source: Smartfren price list

See important disclosure at the back of this report 15 www.danareksa.com

Exhibit 17. Hutchison 3 price list

Prices (Rp) Offerings

Hutchison Tri 3 - Selected programs a) b) c) d) Total Sep '19 Dec' 19 Jun'20 data/gb Data 2G/3G/4G Data Data / OTT content / other Voice & SMS GB

Long validity data packs - Masa aktif kartu AlwaysON (AON) AON 1.5GB - 15,000 15,000 1.5GB sel. aktif 2 10,000 AON 2GB - 19,000 19,000 2GB sel. aktif 2 9,500 AON 3GB - 28,000 28,000 3GB sel. aktif 3 9,300 AON 6GB - 39,000 39,000 6GB sel. aktif 6 6,500 UNLIMITED + AON 6GB - 55,000 55,000 6GB sel. aktif Unlimited 01.00 - 17.00 30days - FUP @ 1Mbps speed for 1GB, @256kbps thereafter 6 9,200 UNLIMITED + AON 10GB 80,000 80,000 10GB sel. aktif Unlimited 01.00 - 17.00 30days - FUP @ 1Mbps speed for 1GB, @256kbps thereafter 10 8,000 UNLIMITED + AON 16GB 110,000 110,000 16GB sel. aktif Unlimited 01.00 - 17.00 30days - FUP @ 1Mbps speed for 1GB, @256kbps thereafter 16 6,900 Internet Kombo Spesial 2G/3G/4G Combo 2GB 30day 30,000 35,000 30,000 2GB - - - 20min anynet 2 15,000 Combo 3GB 30day 35,000 45,000 35,000 3GB - - - 30min anynet 3 11,700 Combo 8GB 30day 100,000 - 100,000 8GB - - - 80min anynet 8 12,500 Combo 32GB 30day 75,000 75,000 - 2GB 30GB 4G 1GB/day 30min anynet 32 2300 Combo 35GB 30day 80,000 80,000 80,000 5GB 30GB 4G 1GB/day 30min anynet 35 2300 Combo 38GB 30day 85,000 90,000 85,000 8GB 30GB 4G 1GB/day 30min anynet 38 2200 KeepON Combos Keep ON 3GB 3day 19,000 19,000 19,000 3GB TriXogo KlikFilm/Viu/Genflix 10min anynet 3 6,300 Keep ON 5GB 7day 29,000 29,000 29,000 5GB TriXogo Viu/Genflix/KlikFilm 20min anynet 5 5,800 Keep ON 5GB 7day - - 30,000 5GB TriXogo KlikFilm 20min anynet 5 6,000 Keep ON 8GB 30day 59,000 59,000 59,000 8GB TriXogo KlikFilm/Trixogo 100min anynet 8 7,400 Keep ON 18GB 30day 99,000 99,000 99,000 18GB TriXogo KlikFilm/Viu/Genflix 100min anynet 18 5,500 Keep ON 1GB 30day - 58,000 58,000 1GB - Amazon Prime Video Subscription - - 1 58,000 Keep ON 5GB 30day - Promo - 75,000 75,000 5GB - Amazon Prime Video Subscription 100 min onnet 5 15,000 Keep ON 8GB 30day - 108,000 108,000 8GB - Amazon Prime Video Subscription - - 8 13,500 Keep ON 15GB 30day -certain areas - 108,000 108,000 15GB - Amazon Prime Video Subscription - - 15 7,200 AddON AddOn 10GB 30day 50,000 2GB 8GB 4G +content 10 5,000 AddOn 12GB 30day 50,000 2GB 8GB 4G 2GB YouTube/Netflix 12 4,200 AddOn 15GB 30day 60,000 3GB 9GB 4G 3GB YouTube/Netflix 15 4,000 AddOn 20GB 30day 70,000 10GB - 10GB YouTube/Netflix 20 3,500 AddOn 24GB 30day 90,000 4GB 20GB 4G 24 3,800 AddOn 30GB 30day 100,000 8GB 22GB 4G 30 3,300 AddOn SUMO 30GB 30day 250,000 30GB 1GB/day - 30 8,300 AddOn 32GB 30day 75,000 2GB 30GB 4G (1GB/hari) 32 2,300 AddOn 35GB 30day 80,000 5GB 30GB 4G (1GB/hari) 35 2,300 AddOn 38GB 30day 90,000 8GB 30GB 4G (1GB/hari) 38 2,400 AddOn 38GB 30day 110,000 8GB 30GB 4G 38 2,900 AddOn 85GB 30day 199,000 15GB 70GB 4G 85 2,300 AddOn 12GB 30day 50,000 10GB - 2GB YouTube/Netflix 12 4,200 AddOn 32GB 30day 75,000 2GB 15GB (0.5GB/hari) 15GB (01.00-17.00) 32 2,300 AddOn 38GB 30day 85,000 8GB 15GB (0.5GB/hari) 15GB (01.00-17.00) 38 2,200 AddOn "HOME" 117GB 30day 117,000 17GB 40GB Weekend 60GB (01.00-17.00) 117 1,000 AddOn "HOME" 150GB 30day 150,000 25GB 55GB Weekend 70GB (01.00-17.00) 150 1,000 Short validity AddON AddOn 5GG 1day - - 5,000 0.75GB 4.25 GB YouTube/Netflix 5 1,000 AddOn 6GB 3day - - 10,000 1GB 5 GB (01.00-17.00) 6 1,700 AddOn 3GB 3day 30,000 - - 3 10,000 AddOn 4G 1.5GB 3day 10,000 0.5GB 1GB 4G 1.5 6,700 AddOn 4G 2.75GB 3day 10,000 0.75GB 2GB 4G 2.8 3,600 AddOn 100GB 7day 89,000 - - 100 900 AddOn 1GB 7day 15,000 - - 1 15,000 AddOn 2GB 7day 20,000 - - 2 10,000 AddOn 4G 2.75GB 7day 15,000 0.75GB 2GB 4G 2.8 5,500 AddOn 4G 3.75GB 7day 20,000 1.75GB 2GB 4G 3.8 5,300 AddOn 4G 9GB 7day 50,000 - - 9 5,600 AddOn 1GB 14day 20,000 - - 1 20,000 AddOn 2GB 14day 25,000 - - 2 12,500 AddOn SUMO 14GB 14day 150,000 14GB - 14 10,700 AddOn 4G 2.75GB 14day 20,000 0.75GB 2GB 4G 2.75 7,300 AddOn 4G 3.75GB 14day 25,000 1.75GB 2GB 4G 3.75 6,700 Data packs only in BIMA+ Only in Bima+ 30-day 75,000 75,000 - 2GB 30.0 4G 1GB/hari 30min anynet 32.0 2,300 Only in Bima+ 30-day 50,000 50,000 - 4GB - 100min anynet 4.0 12,500 Only in Bima+ 7day 35,000 35,000 35,000 5GB 1GB VIU + YouTube + Netflix 6.0 5,800 Only in Bima+ 3day 10,000 10,000 10,000 0.75GB 2GB 4G 2.75 3,600 Only in Bima+ 3day 14,000 14,000 14,000 1.5GB 1.5GB 1:00-9:00 Bebas download game di Gameloft Club VIP 3.0 4,700 Only in Bima+ 1day 5,000 5,000 5,000 5GB - 5.0 1,000 Data bundles with OTT 3.75GB + Klikfilm 7day 25,000 25,000 25,000 0.75GB 2GB 4G Klikflim free data access 0.8 33,300 3.75GB + Genflix 7day 25,000 25,000 25,000 0.75GB 2GB 4G Genflix free data access 0.8 33,300 10GB + KlikFilm 30day MovieMax 50,000 50,000 50,000 2GB 8GB 4G Klikfilm free data access 10 5,000 10GB + Genflix 30day 50,000 50,000 50,000 2GB 8GB 4G Genflix free data access 10 5,000 10GB + Viu 30day 65,000 65,000 65,000 2GB 8GB 4G Viu free data access 10 6,500 30GB + KlikFilm 30day MovieMax 115,000 115,000 115,000 2GB 8GB 4G Klikfilm free data access 10 11,500 30GB + Genflix 30day 115,000 115,000 115,000 2GB 8GB 4G Genflix free data access 10 11,500 10GB + Trixogo 30day GameMax 50,000 50,000 50,000 2GB 8GB 4G Trixogo premium game downloads 10 5,000 CICILAN PULSA (pay installments) CICILAN 13GB 30day 60,000 60,000 60,000 13GB install 2,2,3,5 GBs 13 4,600 CICILAN 18GB 30day 80,000 80,000 80,000 18GB install 7,7,7,9 GBs 18 4,400 CICILAN 23GB 30day 100,000 100,000 100,000 23GB install 7,7,7,9 GBs 23 4,300 Offers - HOT SALES Merdeka 30day - 117,000 - 17GB 45GB 4G 55GB 2G/3G/4G 1:00-9:00 - 117 1,000 Reguler +Chat + kendo 30day 100,000 100,000 100,000 20GB 10GB 1:00-9:00 10GB WA, LN, BB, KakaoT, Wchat - - - 40 2,500 Reguler +Streaming 30day 75,000 75,000 75,000 15GB - - 10GB 2G/3G/4G Youtube / Netflix - - - 25 3,000 20GB Paket Millenial 30day 70,000 70,000 - 10GB 5GB IG, FB, TW, Kaskus 5GB Gaming* - - - 20 3,500 20GB 30day 70,000 10GB 10GB YoutTube/Netflix - - - 20 3,500 Voice+SMS+Trixogo+VIU 30day 60,000 60,000 60,000 9GB TriXogo subscription Viu free subscription 100min anynet 8.5 7,100 Reguler +Youtube Go + Weekend 14day 45,000 45,000 45,000 6GB 5GB 1:00-9:00 5GB 2G/3G/4G weekend quota - - - 16 2,800 Reguler + Streaming 5day 20,000 20,000 20,000 2GB - - 1GB 24hrs Youtube, Netflix - - - 3 6,700 Reguler + Streaming +Telepon 7day 15,000 15,000 15,000 1GB - - 0.5GB 24hrs Youtube, Netflix 20min anynet 1.5 10,000 *Gaming: PUBG, Mobile Legend, FreeFire, Fifa Mobile, Clash of Clans, Clash Royale, Growtopia Source: Hutchison 3 price list

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