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 08

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-           ]

Enclosure: 2007 Annual Report of Perusahaan Perseroan (Persero) PT TELEKOMUNIKASI INDONESIA

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, 2008	By	/s/ Harsya Denny Suryo
		(Signature)
		Harsya Denny Suryo
	Vice President Investor Relation & Corporate Secretary

PRESS RELEASE

No. TEL. 205/PR000/COM-10/2008

Un-Audited Financial Statements First Half 2008

Telkom’s Operating Income Increased 6%

Jakarta, July 2008— We herebuy announce that Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk. (“TELKOM” or the “Company”) has filed its un-audited Financial Statements for the six months period ended June 30, 2008 to BAPEPAM (Capital Market Supervisory Agency), which consists of Consolidated Balance Sheets, Consolidated Statement of Income, Consolidated Statement of Changes in Equity and Statement of Cash Flows prepared in accordance with Generally Accepted Accounting Principles in Indonesia.

In the first semester of 2008, TELKOM recorded Operating Income of Rp.30.18 trillion, increased by Rp.1.67 trillion or 5.86% from Rp.28.51 trillion. The increase was mainly contributed from increase in Data & Internet revenues and Cellular revenues of Rp.1.03 trillion and Rp.778 billion, respectively.

Meanwhile, TELKOM has successfully reduced the growth of Operating Expenses to 14.51%, which is a decrease compared to the growth during the same period in 2007 of 17%. This is mainly contributed to the reduction of operation and maintenance expenses and personnel expense.

Even though Consolidated Net Income decrease by 4.94% as compared to prior period, the Company has recorded a Net Income of Rp.6.29 trillion.

In the first quarter of 2008, the Company acquired PT Sigma Cipta Caraka (PT Sigma) through it’s subsidiary PT Multimedia Nusantara and since March 2008 the Company has consolidated PT Sigma into it Financial Statements.

Rinaldi Firmansyah, TELKOM CEO stated that: “Despite fierce competition in the cellular business during the First Half of 2008, we believe TELKOM will still be able to prevail as the market leader by implementing strategies which will make the Company more solid in the future.”

Sudiro Asno, TELKOM CEO stated that: “In anticipation of the impact of inflation towards the Company, we have implemented varies efficiency and cost control programs.”

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

PT Telekomunikasi Indoensia, Tbk (“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)
P.T. TELEKOMUNIKASI INDONESIA Tbk AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

JUNE 30, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

			2007		2008
	Notes		Rp.		Rp.		US$ (Note 3)
ASSETS
CURRENT ASSETS
Cash and cash equivalents		2c,2e,5,44		10,828,433		10,942,829		1,186,858
Temporary investments		2c,2f,44		188,139		182,685		19,814
Trade receivables		2c,2g,6,37,44
Related parties — net of allowance for doubtful accounts of Rp.93,475 million in 2007 and Rp.148,797 million in 2008				552,736		536,235		58,160
Third parties — net of allowance for doubtful accounts of Rp.914,743 million in 2007 and Rp.1,061,773 million in 2008				3,152,873		2,768,072		300,225
Other receivables — net of allowance for doubtful accounts of Rp.5,423 million in 2007 and Rp.11,163 million in 2008		2c,2g,44		58,781		189,163		20,517
Inventories — net of allowance for obsolescence of Rp.53,555 million in 2007 and Rp.58,954 million in 2008		2h,7,37		204,262		295,442		32,044
Prepaid expenses		2c,2i,8,44		1,474,455		1,338,464		145,170
Claims for tax refund		38		359,582		420,550		45,613
Prepaid taxes		38		25,939		84,045		9,115
Restricted time deposits		2c,9,44		8,829		21,244		2,304
Total Current Assets				16,854,029		16,778,729		1,819,820
NON-CURRENT ASSETS
Long-term investments — net		2f,10		99,091		137,802		14,946
Property, plant and equipment — net of accumulated depreciation of Rp.49,603,908 million in 2007 and Rp.57,775,661 million in 2008		2k,2l,4,11, 19,20,23		57,694,609		63,329,530		6,868,712
Property, plant and equipment under Revenue-Sharing Arrangements — net of accumulated depreciation of Rp.544,133 million in 2007 and Rp.540,831 million in 2008		2m,12,34,47		849,683		631,488		68,491
Prepaid pension benefit cost		2i,2r,41		229		398		43
Advances and other non-current assets		2c,2o,13, 29,44,49		605,633		1,811,306		196,454
Goodwill and other intangible assets — net of accumulated amortization of Rp.4,233,123 million in 2007 and Rp.5,299,967 million in 2008		2d,2j,4,14,37		3,912,073		3,104,099		336,670
Escrow accounts		2c,15,44		1,394		42,859		4,648
Total Non-current Assets				63,162,712		69,057,482		7,489,964
TOTAL ASSETS				80,016,741		85,836,211		9,309,784

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

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

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
JUNE 30, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

			2007		2008
	Notes		Rp.		Rp.		US$ (Note 3)
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Trade payables		2c,16,44
Related parties				771,959		1,398,689		151,702
Third parties				4,925,415		6,058,388		657,092
Other payables				29,726		35,172		3,815
Taxes payable		2s,38		1,731,773		1,646,401		178,568
Dividends payable				8,420,466		11,751,595		1,274,576
Accrued expenses		2c,17,35
		41,44		2,688,965		2,896,082		314,109
Unearned income		18		2,017,152		1,882,883		204,217
Advances from customers and suppliers				161,885		121,002		13,124
Short-term bank loans		2c,19,44		934,844		70,984		7,699
Current maturities of long-term liabilities		2c,20,44		4,812,499		5,281,675		572,850
Total Current Liabilities				26,494,684		31,142,871		3,377,752
NON-CURRENT LIABILITIES
Deferred tax liabilities — net		2s,38		3,223,024		3,106,209		336,899
Unearned income on Revenue-Sharing Arrangements		2m,12,47		678,878		392,647		42,586
Accrued long service awards		2c,2r,42,44		70,675		79,655		8,639
Accrued post-retirement health care benefits		2c,2r,43,44		2,737,812		2,719,583		294,966
Accrued pension and other post-retirement benefits costs		2r,41		1,081,003		1,286,572		139,541
Long-term liabilities — net of current maturities
Obligations under capital leases		2l,11,20		199,677		225,764		24,486
Two-step loans — related party		2c,20,21,44		3,761,537		3,539,074		383,848
Bank loans		2c,20,23,44		2,926,870		3,247,074		352,177
Deferred consideration for business combinations		20,24		3,013,103		1,847,389		200,368
Total Non-current Liabilities				17,692,579		16,443,967		1,783,510
MINORITY INTEREST		25		7,092,289		7,863,148		852,836

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

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

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (continued)
JUNE 30, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars)

			2007			2008
	Notes		Rp.			Rp.			US$ (Note 3)
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		1c,26		5,040,000			5,040,000			546,638
Additional paid-in capital		27		1,073,333			1,073,333			116,413
Treasury stock — 211,290,500 shares in 2007 and 426,290,500 shares in 2008		2u,28		(1,829,138	)		(3,798,701	)		(412,007	)
Difference in value arising from restructuring transactions and other transactions between entities under common control		2d,29		180,000			270,000			29,284
Difference due to change of equity in associated companies		2f		385,595			385,595			41,822
Unrealized holding gain from available-for-sale securities		2f		10,569			8,981			974
Translation adjustment		2f		228,520			228,914			24,828
Retained earnings
Appropriated				6,700,879			10,557,984			1,145,118
Unappropriated				16,947,431			16,620,119			1,802,616
Total Stockholders’ Equity				28,737,189			30,386,225			3,295,686
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY				80,016,741			85,836,211			9,309,784

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

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

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

SIX MONTHS PERIOD ENDED JUNE 30, 2007 AND 2008
(Figures in tables are presented in millions of Rupiah and thousands of United States Dollars,
except per share and per ADS data)

		2007			2008
	Notes	Rp.			Rp.			US$ (Note 3)
OPERATING REVENUES
Telephone	2q,30
Fixed lines			5,639,074			5,260,686			570,573
Cellular			11,398,521			12,176,568			1,320,669
Interconnection	2q,31,44
Revenues			5,802,820			5,864,545			636,068
Expenses			(1,281,828	)		(1,463,002	)		(158,677	)
Net			4,520,992			4,401,543			477,391
Data and internet	2q,32		6,283,445			7,315,049			793,389
Network	2q,33,44		210,871			500,872			54,325
Revenue-Sharing Arrangements	2m,12,34,47		234,509			184,779			20,041
Other telecommunications services			219,190			338,859			36,753
Total Operating Revenues			28,506,602			30,178,356			3,273,141
OPERATING EXPENSES
Depreciation	2k,2l,2m,
	11,12,13		4,625,808			5,213,718			565,479
Personnel	2r,17,35,
	41,42,43		4,080,124			4,293,842			465,710
Operations, maintenance and telecommunication services	2q,36,44		4,448,941			5,611,079			608,577
General and administrative	2g,2h,2q,6,
	7,14,37		1,707,377			1,701,589			184,554
Marketing	2q		603,535			890,167			96,547
Total Operating Expenses			15,465,785			17,710,395			1,920,867
OPERATING INCOME			13,040,817			12,467,961			1,352,274
OTHER INCOME (EXPENSES)
Interest income	44		265,579			330,873			35,886
Equity in net (loss) income of associated companies	2f,10		3,589			(1,390	)		(151	)
Interest expense	44		(730,731	)		(573,805	)		(62,235	)
Gain on foreign exchange — net	2p		54,933			35,776			3,880
Others — net			133,785			236,159			25,614
Other income (expenses) — net			(272,845	)		27,613			2,994
INCOME BEFORE TAX			12,767,972			12,495,574			1,355,268
TAX EXPENSE	2s,38
Current			(3,337,305	)		(3,862,317	)		(418,906	)
Deferred			(557,627	)		(77,065	)		(8,358	)
			(3,894,932	)		(3,939,382	)		(427,264	)
INCOME BEFORE MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES			8,873,040			8,556,192			928,004
MINORITY INTEREST IN NET INCOME OF CONSOLIDATED SUBSIDIARIES — Net	25		(2,248,117	)		(2,258,582	)		(244,966	)
NET INCOME			6,624,923			6,297,610			683,038
BASIC EARNINGS PER SHARE	2w,39
Net income per share			331.49			317.83			0.03
Net income per ADS (40 Series B shares per ADS)			13,259.60			12,713.20			1.20

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

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