UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of                     July                     , 20 10

Perusahaan Perseroan (Persero)
PT TELEKOMUNIKASI INDONESIA

(Translation of registrant’s name into English)

Jalan Japati No. 1 Bandung-40133 INDONESIA

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.]

Form 20-F þ     Form 40-F o

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934]

Yes o     No þ

[If “yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-     ]

TABLE OF CONTENTS

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf by the undersigned, thereunto duly authorized.

	Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA
	(Registrant)
Date                         July 30, 2010	By	/s/ Hendra Purnama
		(Signature)
		Hendra Purnama Acting VP Investor Relations/ Corporate Secretary

PRESS RELEASE

No. TEL. 184/PR .000/COP-A0070000/2010

TELKOM ADDS 6.7M CELLULAR SUBSCRIBERS AND GROWS TOTAL
REVENUE IN FIRST HALF 2010

Jakarta, July 30, 2010 — PT Telekomunikasi Indonesia Tbk. (“TELKOM”) has filed its un-audited Consolidated Financial Statements (“Consolidated Statements”) for the six month period ended June 30, 2010 with BAPEPAM-LK, the Indonesian Capital Market Supervisory Agency.

Complete copies of the un-audited balance sheets and income statements for the first half 2010 are attached to this press release. For complete versions of all the documents above, please visit www.telkom.co.id.

For the first half 2010, TELKOM recorded an increase in total revenue of Rp1,631 billion or 5% compared with the same period in 2009. The increase is mainly attributable to the rise in Data, Internet and IT Services revenue of Rp1,558 billion or 18%. Cellular revenue increased by Rp439 billion or 3%, while Fixed Line revenue declined by Rp760 billion or 10% compared to first half 2009.

Operating Expenses for the first half increased by Rp1,849 billion or 9%. The increase is primarily due to a rise in Operating and Maintenance Expenses of Rp1,394 billion, or 20%, and an increase in Depreciation and Amortization Expenses of Rp737 billion or 11% as a result of the Node B (3G) expansion as well as the roll out of additional domestic and international backbone to support the broadband business in the future, for both fixed and mobile. Personnel Expenses and General and Administration Expenses declined by Rp213 billion and Rp119 billion, respectively.

The decrease in gain on foreign exchange of Rp439 billion compared to the previous period led to increase in Other Expenses-net by Rp440 billion or 1,124% and resulted net income of Rp6.0 trillion. Meanwhile, TELKOM saw an increase in EBITDA of Rp529 billion, representing growth of 2.9%, as it rose from Rp18,253 billion to Rp18,782 billion.

We added 6.7 million new cellular customers during first half 2010, an increase of 16.2% to 88.3 million total subcribers. Meanwhile our fixed broadband services reached 1.4 million subscribers, representing growth of 73.6% compared to the same period last year.

A Summary of the balance sheet, income statements and operational highlights follows:

	H1/2009		H1/ 2010		% Increase
	(In Billion Rp.)				(decrease)
Total Assets		94,258.5		99,050.3		5.1
Total Liabilities		51,652.2		49,429.6		(4.3	)
Minority Interest		8,495.5		9,747.5		14.7
Total Equity		34,110.8		39,873.3		16.9
Operating Revenue		32,612.0		34,243.1		5.0
Operating Expense		21,034.9		22,883.6		8.8
Operating Income		11,577.1		11,359.5		(1.9	)
Net Income		6,043.8		6,003.3		(0.7	)
EBITDA		18,253		18,782		2.9
EBITDA Margin (%)		56.0		54.8		(1.2	)

The Financial Statements are prepared in according with Generally Accepted Accounting Standards in Indonesia

						% Increase
	Unit	H1/2009		H1/2010		(decrease)
Line in Service:
— Wireline	Subs (000)		8,706		8,397		(3.5	)
— Wireless	Subs (000)		13,491		15,896		17.8
Total Fixed Lines	Subs (000)		22,197		24,293		9.4
Customer Base Cellular:
— kartuHALO	Subs (000)		2,017		2,098		4.0
— simPATI	Subs (000)		53,613		60,201		12.3
— Kartu As	Subs (000)		20,384		26,017		27.6
Total Customer Base Cellular	Subs (000)		76,014		88,316		16.2
ADSL (Speedy)	Subs (000)		816		1,416		73.6
MOU Cellular	Billion minutes		68.1		58.5		(14.1	)
ARPU Cellular/month	Rp. ‘000		47		43		(9	)

The Consolidated Statements reflect certain changes imposed by the Financial Accounting Standards Board of the Indonesian Institute of Accountants, effective January 1, 2010. Whereas Interconnection revenue in the Statement of Income was previously presented on a net basis, it is now shown on a gross basis and Interconnection expenses are included as operating expenses. Outgoing Interconnection revenue, which was previously classified as Interconnection revenue, is now presented as Fixed Line and Cellular revenue. The 2009 presentation has been reclassified to conform to the current treatment.

“We are pleased that we were able to increase total revenues in the first half of 2010 in spite of a challenging economic environment, especially on fixed line which we are defending,” said TELKOM’s President Director, Rinaldi Firmansyah. “Our EBITDA was up 2.9% compared to last year’s result, while as a result of the appreciation of the Rupiah against other currencies, net income decreased slightly. We also made significant progress in the half in attracting additional customers through an aggressive marketing campaign and the continued buildout of Indonesia’s most reliable cellular network. We remain optimistik about meeting our full-year 2010 target as we work to drive revenues and increase operating margins in the second half”

HENDRA PURNAMA
Acting Vice President Investor Relations/Corporate Secretary

For further information, please contact:

Investor Relations/Corporate Secretary
PT TELEKOMUNIKASI INDONESIA, Tbk

Tel:	62-21-5215109
Fax:	62-21-5220500
Email:	investor@telkom.co.id

Website: www.telkom.co.id

PT Telekomunikasi Indonesia, Tbk. (“TELKOM”) is the largest telecommunication and network services provider in Indonesia. Serving millions of customers nationwide, we provide a strong portfolio of information and communication services, including fixed wireline and fixed wireless telephone, mobile cellular, data and internet, and network and interconnection services, directly or through our subsidiaries. We have broadened our business portfolio to encompass TIME — telecommunications, information, media and edutainment. TELKOM’s shares are listed in the Indonesian Stock Exchange (IDX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)

Disclaimer

This document contains financial conditions and results of operation and may contain projections, plans, strategies, and objectives of the Company, which would be treated as forward looking statements within the meaning of applicable law.

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

JUNE 30, 2009 AND 2010
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

	2009		2010
	Rp.		Rp.		US$
ASSETS
CURRENT ASSETS
Cash and cash equivalents		8,276,168		8,271,849		912,504
Temporary investments		281,785		366,235		40,401
Trade receivables
Related parties — net of allowance for doubtful accounts of Rp.105,465 million in 2009 and Rp.226,046 million in 2010		779,849		921,294		101,632
Third parties — net of allowance for doubtful accounts of Rp.1,361,231 million in 2009 and Rp.1,087,103 million in 2010		2,959,173		3,805,276		419,777
Other receivables — net of allowance for doubtful accounts of Rp.9,299 million in 2009 and Rp.6,364 million in 2010		56,359		92,922		10,251
Inventories — net of allowance for obsolescence of Rp.70,547 million in 2009 and Rp.75,180 million in 2010		449,673		506,653		55,891
Prepaid expenses		2,200,836		3,112,643		343,369
Claims for tax refund		222,544		240,157		26,493
Prepaid taxes		809,900		361,797		39,911
Other current assets		24,217		50,406		5,560
Total Current Assets		16,060,504		17,729,232		1,955,789
NON-CURRENT ASSETS
Long-term investments — net		165,587		208,594		23,011
Property, plant and equipment — net of accumulated depreciation of Rp.67,802,439 million in 2009 and Rp.77,796,312 million in 2010		72,780,789		75,715,330		8,352,491
Property, plant and equipment under Revenue-Sharing Arrangements — net of accumulated depreciation of Rp.254,940 million in 2009 and Rp.190,508 million in 2010		449,055		332,339		36,662
Prepaid pension benefit cost		256		730		81
Advances and other non-current assets
		2,135,888		3,010,780		332,132
Goodwill and other intangible assets — net of accumulated amortization of Rp.6,913,373 million in 2009 and
Rp.8,300,212 million in 2010		2,530,166		1,918,589		211,648
Escrow accounts		48,491		41,853		4,617
Deferred tax assets — net		87,780		92,881		10,246
Total Non-current Assets		78,198,012		81,321,096		8,970,888
TOTAL ASSETS		94,258,516		99,050,328		10,926,677

See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

1

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
JUNE 30, 2009 AND 2010
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

	2009		2010
	Rp.		Rp.		US$
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payables
Related parties		2,046,431		2,319,698		255,896
Third parties		7,876,896		6,278,228		692,579
Other payables		17,868		17,007		1,876
Taxes payables		1,203,203		923,033		101,824
Dividend payables		9,057,086		8,371,268		923,471
Accrued expenses
		2,614,705		3,330,530		367,406
Unearned income		2,175,184		2,502,200		276,029
Advances from customers and suppliers		877,494		297,188		32,784
Short-term bank loans		53,339		39,118		4,315
Current maturities of long-term liabilities
		6,825,315		6,720,487		741,366
Total Current Liabilities		32,747,521		30,798,757		3,397,546
NON-CURRENT LIABILITIES
Deferred tax liabilities — net		3,481,230		3,928,216		433,339
Accrued long service awards		114,215		206,777		22,810
Accrued post-retirement health care benefits		2,236,372		1,560,931		172,193
Accrued pension and other post-retirement benefits costs		943,660		559,120		61,679
Long-term liabilities — net of current maturities
Obligations under finance leases		398,168		459,385		50,677
Two-step loans — related party		3,447,691		2,856,919		315,159
Notes		27,000		149,133		16,452
Bank loans		7,483,279		8,910,312		982,936
Deferred consideration for business combinations		773,043		—		—
Total Non-current Liabilities		18,904,658		18,630,793		2,055,245
MINORITY INTEREST		8,495,516		9,747,485		1,075,288

See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

2

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
JUNE 30, 2009 AND 2010
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

	2009			2010
	Rp.			Rp.			US$
STOCKHOLDERS’ EQUITY
Capital stock — Rp.250 par value per Series A Dwiwarna share and Series B share
Authorized — 1 Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid — 1 Series A Dwiwarna share and 20,159,999,279 Series B shares		5,040,000			5,040,000			555,985
Additional paid-in capital		1,073,333			1,073,333			118,404
Treasury stock — 490,574,500 shares in 2009 and 2010		(4,264,073	)		(4,264,073	)		(470,389	)
Difference in value arising from restructuring transactions and other transactions between entities under common control		360,000			478,000			52,730
Difference due to change of equity in associated companies		385,595			385,595			42,537
Unrealized holding gain from available-for-sale securities		6,171			42,235			4,659
Translation adjustment		244,017			229,047			25,267
Difference due to acquisition of minority interest in subsidiary		(437,290	)		(439,444	)		(48,477	)
Retained earnings
Appropriated		15,336,746			15,336,746			1,691,864
Unappropriated		16,366,322			21,991,854			2,426,018
Total Stockholders’ Equity		34,110,821			39,873,293			4,398,598
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		94,258,516			99,050,328			10,926,677

See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

3

PERUSAHAAN PERSEROAN (PERSERO)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
SIX MONTHS PERIOD ENDED JUNE 30, 2009 AND 2010
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars,
except per share and per ADS data)

	2009			2010
	Rp.			Rp.			US$
OPERATING REVENUES
Telephone
Fixed lines		7,444,556			6,684,932			737,444
Cellular		13,960,216			14,399,196			1,588,439
Interconnection		1,437,189			1,522,962			168,005
Data, internet and information technology services		8,664,157			10,222,319			1,127,669
Network		590,050			554,990			61,223
Other telecommunications services
		515,808			858,697			94,727
Total Operating Revenues		32,611,976			34,243,096			3,777,507
OPERATING EXPENSES
Depreciation and amortization
		6,685,475			7,422,580			818,817
Personnel
		3,679,919			3,467,140			382,475
Operations, maintenance and telecommunication services		7,015,540			8,409,733			927,715
General and administrative
		1,237,871			1,118,510			123,388
Interconnection		1,464,168			1,499,321			165,397
Marketing		951,906			966,291			106,596
Total Operating Expenses		21,034,879			22,883,575			2,524,388
OPERATING INCOME		11,577,097			11,359,521			1,253,119
OTHER (EXPENSES) INCOME
Interest income		231,265			174,473			19,247
Equity in net loss of associated companies		(2,969	)		(4,974	)		(549	)
Interest expense		(938,093	)		(957,984	)		(105,679	)
Gain on foreign exchange — net		550,454			111,245			12,272
Others — net		120,197			198,093			21,853
Other expenses — net		(39,146	)		(479,147	)		(52,856	)
INCOME BEFORE TAX		11,537,951			10,880,374			1,200,263
TAX EXPENSE
Current		(2,802,894	)		(2,228,384	)		(245,823	)
Deferred		(488,577	)		(588,969	)		(64,972	)
		(3,291,471	)		(2,817,353	)		(310,795	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES		8,246,480			8,063,021			889,468
MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES — net		(2,202,667	)		(2,059,746	)		(227,220	)
NET INCOME		6,043,813			6,003,275			662,248
BASIC EARNINGS PER SHARE
Net income per share		306.04			305.21			0.03
Net income per ADS (40 Series B shares per ADS)		12,241.60			12,208.40			1.20

See accompanying notes to consolidated financial statements, which form an integral part of the consolidated financial statements.

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