Business
Tech, Media & Telecom Roundup: Market Talk
The latest Market Talks covering Technology, Media and Telecom. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
0617 GMT – XLSMART Telecom Sejahtera’s average revenue per user-led turnaround is likely gaining traction, UOB Kay Hian analysts say in a research report. The telecommunications service provider’s mobile ARPU rose 9.6% in first nine months of 2025, partly supported by a shift toward higher revenue-per-gigabyte users from low-value subscribers, the analysts say. Management has guided for further ARPU-increase initiatives in 4Q 2025 and 2026, positioning the Indonesian company as primary beneficiary of industry-wide pricing consolidation due to its low base. The brokerage maintains the stock’s hold rating but raises its target price to IDR3,300.00 from IDR3,100.00 based on estimated 6.0X 2026 enterprise value-to-EBITDA ratio. Shares are 1.0% higher at IDR2,920.00. (ronnie.harui@wsj.com)
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8