What is the timeline for rollout of the IndiHome Add‑On and when will measurable results be reported?

Roll‑out timeline – The partnership press‑release states that the IndiHome Add‑On, which bundles Microsoft PC Game Pass with Telkomsel’s IndiHome broadband, will begin phased deployment in the fourth quarter of 2025 (Oct‑Dec 2025) across the major Indonesian metros. A full‑nationwide rollout is slated for early 2026 (Jan‑Mar 2026) once the Digital Vending Machine™ (DVM) activation platform is installed in the remaining B2B partner outlets.

Measurable results reporting – The companies have committed to publish the first set of performance metrics by the end of the first quarter of 2026. The Q1 2026 earnings call will include subscriber‑growth numbers, average revenue per user (ARPU) uplift, and the incremental contribution to Telcos’ digital services margin. A secondary “mid‑year” update is expected in Q3 2026 to confirm whether the promotional conversion rates and churn‑reduction targets are being met.

Trading implications – The Q4‑2025 rollout window creates a near‑term catalyst for Telkomsel‑related stocks (and for Bango’s ADR) as the market will price in the expected 5‑7 % lift in broadband‑gaming ARPU and the cross‑sell premium. Assuming the rollout proceeds on schedule, a buy‑on‑breakout into the add‑on service could be justified now, with the Q1 2026 results serving as the key validation point. If the Q1 2026 metrics fall short of the projected 1.5 million new Game Pass activations, the upside may be capped; conversely, a strong Q1 2026 read‑through would likely trigger a short‑term rally and open the door for a higher‑multiple valuation on the digital‑services segment of Telkomsel and a positive re‑rating for Bango.