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 06

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):

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 31, 2006	By	/s/ Harsya Denny Suryo
		(Signature)
		Harsya Denny Suryo Vice President Investor Relation & Corporate Secretary

PRESS RELEASE

No. TEL.     /PR000/COM-10/2006

TELKOM FILED ITS FIRST HALF UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS 2006

Jakarta, July 31, 2006 — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) filed its un-audited consolidated first half 2006 financial Statements to BAPEPAM (Capital Market Supervisory Agency) and the Stock Exchanges.

Complete Copies of both balance sheets and income statements are attached to this Press Release. For complete version, pleaser visit www.telkom-indonesia.com

TELKOM is the principal provider of fixed-line services in Indonesia. TELKOM’s majority-owned subsidiary Telkomsel is also the largest Indonesian mobile cellular operator, as measured by subscribers and revenues. The Company also provides a wide range of other telecommunication services including interconnection, network, data and internet services, and other telecommunications services. TELKOM’s shares are listed in the Jakarta and Surabaya Stock Exchange (JSX/SSX: TLKM) and its American Depository Shares are listed in the New York Stock Exchange (NYSE:TLK) and London Stock Exchange (LSE:TKIA)

HARSYA DENNY SURYO
Vice President Investor Relations & Corporate Secretary

For further information, please contact:

Investor Relations Unit
PT TELEKOMUNIKASI INDONESIA, Tbk
Tel:           62-21-5215109
Fax:          61-21-5220500
Email:      investor@telkom.co.id
Website:  www.telkom-indonesia.com

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)
AS OF JUNE 30, 2005 AND 2006
(Figures in table are presented in millions of Rupiah and thousands of United States Dollars)

		2005		2006
	Notes	Rp		Rp		US$ (Note 3)
		(As restated)
ASSETS
CURRENT ASSETS
Cash and cash equivalents	2c,2f,6,46		6,009,872		9,346,253		1,008,824
Temporary investments	2c,2g,46		100,418		42,877		4,628
Trade accounts receivable	2c,2h,7,46
Related parties — net of allowance for doubtful accounts of Rp115,673 million in 2005 and Rp112,975 million in 2006			462,403		621,521		67,086
Third parties — net of allowance for doubtful accounts of Rp543,659 million in 2005 and Rp652,856 million in 2006			2,963,365		3,067,309		331,082
Other accounts receivable — net of allowance for doubtful accounts of Rp12,493 million in 2005 and Rp3,944 million in 2006	2c,2h,46		69,033		177,422		19,151
Inventories — net of allowance for obsolescence of Rp48,638 million in 2005 and Rp49,602 million in 2006	2i,8		139,680		178,441		19,261
Prepaid expenses	2c,2j,9,46		998,558		1,238,811		133,716
Prepaid taxes	40a		1,574		55,830		6,026
Other current assets	2c,10,46		45,808		155,018		16,733
Total Current Assets			10,790,711		14,883,482		1,606,507
NON-CURRENT ASSETS
Long-term investments — net	2g,11		91,062		98,126		10,592
Property, plant and equipment — net of accumulated depreciation of Rp32,361,721 million in 2005 and Rp40,519,257 million in 2006	2k,12		40,989,777		47,066,592		5,080,316
Property, plant and equipment under revenue-sharing arrangements — net of accumulated depreciation of Rp467,230 million in 2005 and Rp500,845 million in 2006	2m,13,49		440,456		512,838		55,355
Property, plant and equipment under capital lease — net of accumulated depreciation of Rp108,280 million in 2006	2l,12		—		155,716		16,808
Prepaid pension benefit cost	43		1,362		460		50
Advances and other non-current assets	2c,14,46		1,133,373		476,626		51,446
Goodwill and other intangible assets — net of accumulated amortization of Rp2,305,110 million in 2005 and Rp3,239,653 million in 2006	1c,2d,15		4,952,349		4,453,806		480,739
Escrow accounts	16		84,237		9,799		1,058
Total Non-current Assets			47,692,616		52,773,963		5,696,364
TOTAL ASSETS			58,483,327		67,657,445		7,302,871

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

the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
AS OF JUNE 30, 2005 AND 2006
(Figures in table are presented in millions of Rupiah and thousands of United States Dollars)

		2005		2006
	Notes	Rp		Rp			US$ (Note 3)
		(As restated)
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade accounts payable	2c,17,46
Related parties			707,462		757,987			81,816
Third parties			3,121,744		3,758,545			405,693
Other accounts payable			26,578		23,488			2,535
Taxes payable	2s,40b		1,433,424		1,986,462			214,417
Dividends payable			3,529,047		6,459,063			697,184
Accrued expenses	2c,18,46		1,286,390		2,092,779			225,892
Unearned income	19		1,210,464		1,902,520			205,356
Advances from customers and suppliers			281,147		271,031			29,255
Short-term bank loans	2c,20,46		791,738		17,100			1,846
Current maturities of long-term liabilities	2c,21,46		2,142,747		2,494,710			269,276
Total Current Liabilities			14,530,741		19,763,685			2,133,270
NON-CURRENT LIABILITIES
Deferred tax liabilities — net	2s,40e		2,711,005		2,228,391			240,530
Unearned income on revenue-sharing arrangements	2m,13,49		321,661		369,433			39,876
Unearned initial investor payments under joint operation scheme	2n,48		19,506		4,717			509
Provision for long service award	2c,2r,44,46		481,721		575,541			62,124
Provision for post-retirement health care benefits	2c,2r,45,46		2,947,126		2,928,934			316,146
Accrued pension and other post-retirement benefits costs	2r,43		1,400,080		1,229,987			132,763
Long-term liabilities — net of current maturities
Obligation under capital lease			—		225,921			24,386
Two-step loans — related party	2c,22,46		5,081,358		4,348,922			469,418
Notes and bonds	23		1,598,827		994,494			107,345
Bank loans	2c,24,46		1,826,436		1,905,074			205,632
Liabilities of business acquisitions	25		3,484,116		2,642,069			285,182
Total Non-current Liabilities			19,871,836		17,453,483			1,883,911
MINORITY INTEREST	26		5,128,664		6,140,456			662,794
STOCKHOLDERS’ EQUITY
Capital stock — Rp250 par value per Series A
Dwiwarna share and Series B share
Authorized — one Series A Dwiwarna share and 79,999,999,999 Series B shares
Issued and fully paid — one Series A Dwiwarna share and 20,159,999,279 Series B shares	1b,27		5,040,000		5,040,000			544,012
Additional paid-in capital	28		1,073,333		1,073,333			115,854
Less: cost of treasury stock (55,443,500 shares)	29		—		(413,740	)		(44,659	)
Difference in value of restructuring transactions between entities under common control	30		—		90,000			9,715
Difference due to change of equity in associated companies			385,595		385,595			41,621
Unrealized holding gain available-for-sale securities	2g		2,383		1,597			172
Translation adjustment	2g		231,252		233,198			25,171
Retained earnings
Appropriated			1,803,397		1,803,397			194,657
Unappropriated			10,416,126		16,086,441			1,736,353
Total Stockholders’ Equity			18,952,086		24,299,821			2,622,896
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			58,483,327		67,657,445			7,302,871

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

the consolidated financial statements.

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PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2005 AND 2006
(Figures in table are presented in millions of Rupiah and thousands of United States Dollars, except per share and per ADS data)

		2005			2006
	Notes	Rp			Rp			US$ (Note 3)
		(As restated)
OPERATING REVENUES
Telephone	2q,31
Fixed lines			5,473,578			5,337,166			576,088
Cellular			6,408,876			9,442,926			1,019,259
Interconnection	2q,32,46		3,632,302			4,116,689			444,351
Joint operation schemes	2n,33,48		316,188			302,789			32,683
Data and Internet	34		3,060,411			4,095,813			442,098
Network	35		194,046			295,059			31,848
Revenue-sharing arrangements	2m,36,49		101,182			203,518			21,967
Other telecommunications services			198,007			202,585			21,867
Total Operating Revenues			19,384,590			23,996,545			2,590,161
OPERATING EXPENSES
Personnel	37		3,523,483			3,497,333			377,498
Depreciation	2k,2l,2m,12,13		3,303,568			4,306,831			464,875
Operations, maintenance and telecommunication services	38		2,795,867			3,376,910			364,500
General and administrative	39		1,223,321			1,496,738			161,556
Marketing			449,239			507,013			54,727
Total Operating Expenses			11,295,478			13,184,825			1,423,156
OPERATING INCOME			8,089,112			10,811,720			1,167,005
OTHER INCOME (CHARGES)
Interest income			136,178			325,992			35,187
Interest expense			(647,594	)		(585,803	)		(63,231	)
Gain (loss) on foreign exchange — net	2e		(357,003	)		586,597			63,317
Equity in net income (loss) of associated companies	2g,11		6,792			(3,218	)		(347	)
Others — net			265,947			52,119			5,626
Other income (charges) — net			(595,680	)		375,687			40,552
INCOME BEFORE TAX			7,493,432			11,187,407			1,207,557
TAX EXPENSE	2s,40c
Current tax			(2,545,814	)		(3,636,860	)		(392,559	)
Deferred tax			216,485			166,084			17,927
			(2,329,329	)		(3,470,776	)		(374,632	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES			5,164,103			7,716,631			832,925
MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES	26		(1,360,692	)		(1,897,671	)		(204,833	)
NET INCOME			3,803,411			5,818,960			628,092
BASIC EARNINGS PER SHARE	2t,41
Net income per share			188.66			288.71			31.16
Net income per ADS
(40 Series B shares per ADS)			7,546.45			11,548.30			1,246.51

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

the consolidated financial statements.

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