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                     October                    , 2006

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

PRESS RELEASE

No. TEL. 603/PR000/COM-10/2006

TELKOM FILED ITS THIRD QUARTER UNAUDITED
CONSOLIDATED FINANCIAL STATEMENTS 2006

Jakarta, October 31, 2006 — Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) filed its un-audited consolidated third quarter 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, please visit www.telkom-indonesia.com

Summary of the balance sheet and income statements as attached to this Press Release, are as follows:

							% Increase
	Q3/06			Q3/05			Q3 06/05%
	(In Billion Rp.)
Total Assets		68,352			58,723			16%
Total Liabilities		33,647			31,952			5%
Minority Interest		7,195			5,879			22%
Total Equity		27,509			20,891			32%
Operating Revenue		37,200			30,154			23%
Operating Expense		20,017			17,544			14%
Operating Income		17,183			12,610			36%
Net Income		9,222			5,677			62%
EBITDA		24,498			18,452			33%
EBITDA Margin		65.9	%		61.2	%		4.7%

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

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 telecommunications 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 SEPTEMBER 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		5,447,032		8,308,894		901,182
Temporary investments	2c,2g,46		28,624		45,911		4,980
Trade accounts receivable	2c,2h,7,46
Related parties — net of allowance for doubtful accounts of Rp129,618 million in 2005 and Rp101,991 million in 2006			441,035		695,501		75,434
Third parties — net of allowance for doubtful accounts of Rp591,933 million in 2005 and Rp657,172 million in 2006			3,009,885		3,036,325		329,319
Other accounts receivable — net of allowance for doubtful accounts of Rp9,545 million in 2005 and Rp2,222 million in 2006	2c,2h,46		82,977		149,406		16,205
Inventories — net of allowance for obsolescence of Rp52,780 million in 2005 and Rp52,346 million in 2006	2i,8		212,115		187,774		20,366
Prepaid expenses	2c,2j,9,46		1,054,681		1,531,029		166,055
Prepaid taxes	40a		20,320		15,768		1,710
Other current assets	2c,10,46		13,606		276,677		30,008
Total Current Assets			10,310,275		14,247,285		1,545,259
NON-CURRENT ASSETS
Long-term investments — net	2g,11		101,733		101,193		10,975
Property, plant and equipment — net of accumulated depreciation of Rp34,136,437 million in 2005 and Rp43,229,048 million in 2006	2k,12		41,572,101		48,383,846		5,240,799
Property, plant and equipment under revenue sharing arrangements — net of accumulated depreciation of Rp486,858 million in 2005 and Rp522,937 million in 2006	2m,13,49		472,296		495,481		53,740
Property, plant and equipment under capital lease — net of accumulated depreciation of Rp125,092 million in 2006	2l,12		—		141,058		22,206
Prepaid pension benefit cost	43		1,362		640		69
Advances and other non-current assets	2c,14,46		1,428,887		757,326		82,139
Goodwill and other intangible assets — net of accumulated amortization of Rp2,534,648 million in 2005 and Rp3,239,653 million in 2006	1c,2d,15		4,722,811		4,218,685		457,559
Escrow accounts	16		113,122		6,446		699
Total Non-current Assets			48,412,312		54,104,675		5,868,186
TOTAL ASSETS			58,722,587		68,351,960		7,413,445

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

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2005 AND 2006

(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars

	2005			2006
	Rp			Rp			US$ (Note 3)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash receipts from operating revenues
Telephone
Fixed lines		8,392,177			7,882,107			854,892
Cellular		10,520,320			15,111,876			1,639,032
Joint operation schemes		1,147,955			343,261			37,230
Interconnection — net		5,362,258			6,497,771			704,747
Other services		5,083,528			7,384,686			800,942
Total cash receipts from operating revenues		30,506,238			37,219,701			4,036,844
Cash payments for operating expenses		(11,498,669	)		(11,976,811	)		(1,299,003	)
Cash generated from operations		19,007,569			25,242,890			2,737,841
Interest received		217,592			464,712			50,403
Income tax paid		(3,165,418	)		(5,318,733	)		(576,869	)
Interest paid		(933,298	)		(780,379	)		(84,640	)
Cash receipt (refund) from/to customers and advances		(9,810	)		(2,146	)		(233	)
Net Cash Provided by Operating Activities		15,116,635			19,606,344			2,126,502
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from (purchase) of investment and maturity of time deposits — net		(8,675	)		(18,374	)		(1,993	)
Proceeds from sale of property, plant and equipment		120,589			23,915			2,594
Proceeds from sale of long-term investment		—			22,561			2,447
Cash dividend received		—			1,024			111
Acquisition of property, plant and equipment		(7,410,978	)		(10,597,131	)		(1,149,363	)
(Increase) decrease in advance for acquisition of property, plant and equipment		(38,034	)		73,444			7,966
Decrease (increase) in advances and others		26,725			(53,387	)		(5,790	)
Acquisition of intangible assets		—			(436,000	)		(47,289	)
Net Cash Used in Investing Activities		(7,310,373	)		(10,983,948	)		(1,191,317	)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of Medium-term Notes		(290,000	)		(145,000	)		(15,727	)
Repayments of long-term liabilities and capital lease obligation		(2,688,862	)		(1,608,121	)		(174,417	)
Cash dividends paid		(4,202,184	)		(6,973,856	)		(756,384	)
(Increase) decrease in escrow accounts		(76,842	)		126,051			13,671
Redemption of Telkomsel’s notes		(780,565	)		—			—
Payment for purchase of treasury stock		—			(611,186	)
Proceeds from borrowings		1,029,092			3,589,610			389,329
Net Cash Used in Financing Activities		(7,009,361	)		(5,622,502	)		(543,528	)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS		796,901			2,999,894			325,368
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS		(205,993	)		(65,684	)		(7,124	)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		4,856,124			5,374,684			582,938
CASH AND CASH EQUIVALENTS AT END OF YEAR		5,447,032			8,308,894			901,182

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

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued) 
AS OF SEPTEMBER 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			744,772		964,176			104,574
Third parties			3,005,503		3,692,822			400,523
Other accounts payable			44,299		41,869			4,541
Taxes payable	2s,40b		1,833,742		2,496,066			270,723
Dividends payable			33,712		1,380			150
Accrued expenses	2c,18,46		1,631,433		2,060,715			223,505
Unearned income	19		1,599,150		1,982,158			214,985
Advances from customers and suppliers			250,326		222,546			24,137
Short-term bank loans	2c,20,46		675,190		1,021,100			110,748
Current maturities of long-term liabilities	2c,21,46		2,088,094		4,510,337			489,190
Total Current Liabilities			11,906,221		16,993,169			1,843,076
NON-CURRENT LIABILITIES
Deferred tax liabilities — net	2s,40e		2,564,262		2,162,928			234,591
Unearned income on revenue-sharing arrangements	2m,13,49		346,158		347,010			37,637
Unearned initial investor payments under joint operation scheme	2n,48		19,681		4,455			483
Provision for long service award	2c,2r,44,46		500,069		596,096			64,652
Provision for post-retirement health care benefits	2c,2r,45,46		3,031,942		2,937,396			318,590
Accrued pension and other post-retirement benefits costs	2r,43		1,424,313		1,148,856			124,605
Long-term liabilities — net of current maturities
Obligation under capital lease			—		220,643			23,931
Two-step loans — related party	2c,22,46		5,095,273		4,177,274			453,067
Notes and bonds	23		1,600,068		—			—
Bank loans	2c,24,46		1,900,100		2,670,250			289,615
Liabilities of business acquisitions	25		3,564,041		2,389,413			259,155
Total Non-current Liabilities			20,045,907		16,654,321			1,806,326
MINORITY INTEREST	26		5,879,149		7,195,424			780,415
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			546,638
Additional paid-in capital	28		1,073,333		1,073,333			116,414
Less: cost of treasury stock (55,443,500 shares)	29		—		(611,186	)		(66,289	)
Difference in value of restructuring transactions between entities under common control	30		—		90,000			9,761
Difference due to change of equity in associated companies			385,595		385,595			41,822
Unrealized holding gain available-for-sale securities	2g		5,471		4,724			512
Translation adjustment	2g		232,728		233,231			25,296
Retained earnings
Appropriated			1,803,397		1,803,397			195,596
Unappropriated			12,350,786		19,489,952			2,113,878
Total Stockholders’ Equity			20,891,310		27,509,046			2,983,628
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY			58,722,587		68,351,960			7,413,445

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

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 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				8,313,529			8,073,223			875,621
Cellular				9,937,763			14,899,143			1,615,959
Interconnection		2q,32,46		5,746,259			6,366,453			690,505
Joint operation schemes		2n,33,48		479,839			485,342			52,640
Data and Internet		34		4,857,210			6,369,172			690,800
Network		35		425,256			460,864			49,985
Revenue-sharing arrangements		2m,36,49		174,645			306,347			33,225
Other telecommunications services				219,451			239,400			25,965
Total Operating Revenues				30,153,952			37,199,944			4,034,700
OPERATING EXPENSES
Personnel		37		5,112,527			4,960,987			538,068
Depreciation		2k,2l,2m,12,13		5,153,286			6,633,280			719,445
Operations, maintenance and telecommunication services		38		4,511,496			5,350,590			580,324
General and administrative		39		2,051,961			2,217,373			240,496
Marketing				714,322			854,830			92,716
Total Operating Expenses				17,543,592			20,017,060			2,171,049
OPERATING INCOME				12,610,360			17,182,884			1,863,651
OTHER INCOME (CHARGES)
Interest income				221,655			448,337			48,627
Interest expense				(918,165	)		(862,038	)		(93,497	)
Gain (loss) on foreign exchange — net		2e		(886,578	)		677,754			73,509
Equity in net income (loss) of associated companies		2g,11		10,350			(184	)		(20	)
Others — net				390,394			117,923			12,790
Other income (charges) — net				(1,182,344	)		381,792			41,409
INCOME BEFORE TAX				11,428,016			17,564,676			1,905,060
TAX EXPENSE		2s,40c
Current tax				(4,002,983	)		(5,617,263	)		(609,248	)
Deferred tax				363,305			230,251			24,973
				(3,639,678	)		(5,387,012	)		(584,275	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES				7,788,338			12,177,664			1,320,785
MINORITY INTEREST IN NET INCOME OF SUBSIDIARIES		26		(2,111,559	)		(2,955,193	)		(320,520	)
NET INCOME				5,676,779			9,222,471			1,000,265
BASIC EARNINGS PER SHARE		2t,41
Net income per share				281.59			458.12			49.69
Net income per ADS (40 Series B shares per ADS)				11,263.45			18,324.80			1,987.51

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

3

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)
FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2005 AND 2006
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

							Difference in
							value of
							restructuring			Difference
							transactions			due to change		Unrealized
					Additional		between entities			of equity		holding gain (loss)									Total
			Capital		paid-in		under common			in associated		on available-for-sale		Translation		Retained earnings					stockholders’
Description	Notes		stock		capital		control			companies		securities		adjustment		Appropriated		Unappropriated			equity
			Rp		Rp		Rp			Rp		Rp		Rp		Rp		Rp			Rp
Balance as of January 1, 2005, as previously reported				5,040,000		1,073,333		(7,288,271	)		385,595		884		229,595		1,680,813		19,139,393			20,261,342
Difference in value of transactions between entities under common control								7,288,271											(7,288,271	)		—
Cumulative effect due to change in accounting policy — accounting for employee benefits, net of tax effect of Rp2,133,305 million				—		—		—			—		—		—		—		(2,133,305	)		(2,133,305	)
Balance as of January 1, 2005, as restated				5,040,000		1,073,333		—			385,595		884		229,595		1,680,813		9,717,817			18,128,037
Unrealized holding gain (loss) on		2g
available-for-sale securities				—		—		—			—		4,587		—		—		—			4,587
Foreign currency translation of CSM		2g		—		—		—			—		—		3,133		—		—			3,133
Resolved during the Annual General Meeting of the Stockholders on June 24, 2005
Declaration of cash dividend		42		—		—		—			—		—		—		—		(2,921,226	)		(2,921,226	)
Appropriation for general reserve		42		—		—		—			—		—		—		122,584		(122,584	)		—
Net income for the year				—		—		—			—		—		—		—		5,676,779			5,676,779
Balance as of September 30, 2005, as restated				5,040,000		1,073,333		—			385,595		5,471		232,728		1,803,397		12,350,786			20,891,310

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

4

PERUSAHAAN PERSEROAN (PERSERO)
PT TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY (UNAUDITED)(continued)
FOR THE NINE MONTHS PERIOD ENDED SEPTEMBER 30, 2005 AND 2006
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

										Difference in
										value of
										restructuring		Difference
										transactions		due to change		Unrealized
					Additional					between entities		of equity		holding gain (loss)											Total
			Capital		paid-in					under common		in associated		on available-for-sale			Translation			Retained earnings					stockholders’
Description	Notes		stock		capital		Treasury stock			control		companies		securities			adjustment			Appropriated		Unappropriated			equity
			Rp		Rp		Rp			Rp		Rp		Rp			Rp			Rp		Rp			Rp
Balance as of January 1, 2006				5,040,000		1,073,333		—			90,000		385,595		(748	)		233,253			1,803,397		14,667,571			23,292,401
Unrealized holding gain (loss) on available-for-sale securities		2g		—		—		—			—		—		5,472			—			—		—			5,472
Foreign currency translation of CSM		2g,11		—		—		—			—		—		—			(22	)		—		—			(22	)
Cash receipts from compensation for early termination of exclusive rights				—		—		—			—		—		—			—			—		—			—
Resolved during the Annual General Meeting of the Stockholders on June 30, 2006
Declaration of cash dividends		42		—		—		—			—		—		—			—			—		(4,400,090	)		(4,400,090	)
Treasury stock acquired — at cost		29		—		—		(611,186	)		—		—		—			—			—		—			(611,186	)
Net income for the year				—		—		—			—		—		—			—			—		9,222,471			9,222,471
Balance as of September 30, 2006				5,040,000		1,073,333		(611,186	)		90,000		385,595		4,724			233,231			1,803,397		19,489,952			27,509,046

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

5