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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 Form 20-F
 o
    
    REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE
SECURITIES EXCHANGE ACT OF 1934
 OR
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 For
the fiscal year ended December 31, 2009
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    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 OR
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    SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
 Date of event requiring this shell company report
 Commission file number 1-14406
 
 Perusahaan Perseroan (Persero)
P.T. Telekomunikasi Indonesia Tbk.
  Telecommunications Indonesia
 
 
 
 Jalan Japati, 1
Bandung 40133
Indonesia
(62) (22) 452-1510
(62) (21) 521-5109*
 
  Title of
    
    Name of each exchangeEach class
    
    on which registeredAmerican Depositary Shares representing Series B Shares, par value 250 Rupiah per share
    
    New York Stock ExchangeSeries B Shares, par value 250 Rupiah per share
    
    New York Stock Exchange**
    Series A Dwiwarna Share, par value 250 Rupiah per share
    
    
    1Series B Shares, par value 250 Rupiah per share
    
    
    19,669,424,779
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  Large accelerated filer þ
    
    Accelerated filer o
    
    Non-accelerated filer o
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 *
    
    Investor Relations Unit, Graha Citra Caraka, JI. Gatot Subroto, No. 52, 5th Floor, Jakarta 12570.**
    
    The Series B Shares were registered in connection with the registration of the American
Depositary Shares. The Series B Shares are not listed for trading on the New York Stock
Exchange.




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TABLE OF CONTENTS
 PART IITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
    
    
    1ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE
    
    
    1ITEM 3. KEY INFORMATION
    
    
    1ITEM 4. INFORMATION ON THE COMPANY
    
    
    1ITEM 4A. UNRESOLVED STAFF COMMENTS
    
    
    2ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS
    
    
    2ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
    
    
    2ITEM 7. MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS
    
    
    3ITEM 8. FINANCIAL INFORMATION
    
    
    3ITEM 9. THE OFFER AND LISTING
    
    
    4ITEM 10. ADDITIONAL INFORMATION
    
    
    4ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
    
    
    5ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
    
    
    5PART IIITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
    
    
    5ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS
AND USE OF PROCEEDS
    
    
    5ITEM 15. CONTROLS AND PROCEDURES
    
    
    5ITEM 16. RESERVED
    
    
    5ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
    
    
    6ITEM 16B. CODE OF ETHICS
    
    
    6ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
    
    
    6ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT
COMMITTEES
    
    
    6ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND
AFFILIATED PURCHASERS
    
    
    6ITEM 16F. CHANGE IN REGISTRANTS CERTIFYING ACCOUNTANT
    
    
    6ITEM 16G. CORPORATE GOVERNANCE
    
    
    6PART IIIITEM 17. FINANCIAL STATEMENTS
    
    
    6ITEM 18. FINANCIAL STATEMENTS
    
    
    6ITEM 19. EXHIBITS
    
    
    7SIGNATURESEx-8.1 List of Subsidiaries of TELKOMEx-12.1 Certification pursuant to Section 302Ex-12.2 Certification pursuant to Section 302Ex-13.1 Certification  pursuant to Section 906Ex-13.2 Certification pursuant to Section 906




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This annual report on Form 20-F incorporates by reference certain information contained in the
Annual Report of PT Telekomunikasi Indonesia Tbk. (the Company or TELKOM) for the financial
year ended December 31, 2009, dated April 8, 2010 (2009 Annual Report) furnished on Form 6-K
on April 8, 2010 (Report on Form 6-K). The information that is incorporated herein by
reference is set forth below. Information from the 2009 Annual Report furnished in the Report on
Form 6-K not referenced below is not incorporated by reference herein.
 
 PART I
 
 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS
  
 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE
  
 ITEM 3. KEY INFORMATION
 A. Selected Financial Data
  B. Capitalization and Indebtedness
  C. Reason for the Offer and Use of Proceeds
  D. Risk Factors
  
 ITEM 4. INFORMATION ON THE COMPANY
 A. History and Development of the Company
  B. Business Overview
  C. Organizational Structure
  D. Property, Plant and Equipment
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ITEM 4A. UNRESOLVED STAFF COMMENTS
  
 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS
 A. Operating Results
  B. Liquidity and Capital Resources
  C. Research and Development, Patents and Licenses, etc.
  D. Trend Information
  E. Off-Balance Sheet Arrangements
  F. Tabular Disclosure of Contractual Obligations
  G. Safe Harbor
  
 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES
 A. Directors and Senior Management
  B. Compensation
  2




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C. Board Practices
  D. Employees
  E. Share Ownership
  
 ITEM 7. MAJOR STOCKHOLDERS AND RELATED PARTY TRANSACTIONS
 A. Major Shareholders
  B. Related Party Transactions
  C. Interest of Experts and Counsel
  
 ITEM 8. FINANCIAL INFORMATION
 A. Consolidated statements and other financial information
  B. Significant changes
  3




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ITEM 9. THE OFFER AND LISTING
 A. Offer and listing details
  B. Plan of distribution
  C. Markets
  D. Selling Stockholders
  E. Dilution
  F. Expenses of the issue
  
 ITEM 10. ADDITIONAL INFORMATION
 A. Share capital
  B. Memorandum and Articles of Association
  C. Material Contracts
  D. Exchange Controls
  E. Taxation
  F. Dividends and Paying Agents
  4




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G. Statement by Experts
  H. Documents on Display
  I. Subsidiary Information
  
 ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK
 A. Disclosure About Market Risk
  
 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES
 A. Debt Securities
  B. Warrants and Rights
  C. Other Securities
  D. American Depositary Shares
  
 PART II
 
 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES
  
 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS
  
 ITEM 15. CONTROLS AND PROCEDURES
  
 ITEM 16. RESERVED
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ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT
  
 ITEM 16B. CODE OF ETHICS
  
 ITEM 16C. PRINCIPAL ACCOUNTANT FEES AND SERVICES
  
 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES
  
 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS
  
 ITEM 16F. CHANGE IN REGISTRANTS CERTIFYING ACCOUNTANT
  
 ITEM 16G. CORPORATE GOVERNANCE
  
 PART III
 
 ITEM 17. FINANCIAL STATEMENTS
  
 ITEM 18. FINANCIAL STATEMENTS
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ITEM 19. EXHIBITS
  Index to Exhibits
 1.1
    
    Memorandum and Articles of Association of TELKOM, as amended on July 15, 2008 (1)4.1
    
    Procurement and Installation of the JaKa2LaDeMa Capacity Ring between TELKOM and NSW-Fujitsu Consortium dated
as of December 30, 2008 (1)8.1
    
    List of Subsidiaries of TELKOM12.1
    
    Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 193412.2
    
    Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange act of 193413.1
    
    Certification of the Chief Executive Officer pursuant to Rule 13a-14(b) of the Securities Exchange Act of 1934
and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 200213.2
    
    Certification of the Chief Financial Officer pursuant to Rule 13a-14(b) of the Securities Exchange Act of 1934
and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 200215.1
    
    Consolidated Financial Statements for the years ended December 31, 2007, 2008 and 2009 and as of December 31,
2008 and 2009 (2)
 
 (1)
    
    Incorporated herein by reference to our annual report on Form 20-F for the fiscal year
ended December 31, 2008 filed with the U.S. Securities and Exchange Commission on May 11,
2009.(2)
    
    Incorporated herein by reference to the 2009 Annual Report contained in the Report on
Form 6-K. 7




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