Journal of Accounting and Finance Management (JAFM)
Vol. 7 No. 3 (2026): Journal of Accounting and Finance Management (July - August 2026)

Corporate Entrepreneurship and Beyond-Connectivity Growth in the Telco-to-TechCo Transformation: Early Evidence from an Indonesian Telecommunications Operator

Rivki Suardi (School of Business and Management, Institut Teknologi Bandung (SBM ITB), Indonesia)



Article Info

Publish Date
21 Jul 2026

Abstract

This study examines how corporate entrepreneurship supports the Telco-to-TechCo transformation by enabling new business-to-business (B2B) digital revenue beyond legacy connectivity in Indonesia, a large mobile-first market where incumbents face pressure to diversify as core revenue matures. Using a qualitative single-case study with document analysis and source tracing, it analyzes an anonymized internal strategic transformation document from a large post-merger Indonesian operator, triangulated against audited annual reports, official disclosures, traced industry sources, and peer-reviewed literature. The analysis applies four lenses: corporate entrepreneurship, dynamic capabilities, strategic entrepreneurship, and business ecosystem theory. The findings document early transformation evidence rather than a completed transformation: a source-anchored rationale, a redefined commercial logic, an expanding portfolio across cloud, IoT, cybersecurity, data, and artificial intelligence infrastructure, an ecosystem-orchestration posture, and a Sell-Manage-Deliver operating model presented as intended design. An emerging enterprise technology unit reports early revenue growth treated as a management-disclosed indicator requiring further validation. The principal contribution is to position the transformation as a corporate entrepreneurship process rather than a technology adoption program, using a source-accountable single-case design. The study is limited by its single-case scope and reliance on a non-audited document for several indicators.

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Journal Info

Abbrev

JAFM

Publisher

Subject

Economics, Econometrics & Finance

Description

Journal of Accounting and Finance Management (JAFM) is a peer-reviewed journal published by Dinasti Research, Dinasti Foundation, Indonesia six times a year. JAFM aims to publish articles in the fields of accounting, finance, and management that make a significant contribution to the development of ...