WiFi is the engine of people’s economic growth
LidahTekno.CO.ID – JAKARTA.
PT Solusi Sinergi Digital Tbk (WIFI) or known as Surge, has a strategic position in facing the increasing demand for Fixed Broadband services, especially through Fiber To The Home (FTTH) and IRA – People’s Internet. This company, through its subsidiary, PT Telemediakomunikasi Pratama, has officially launched the 5G Fixed Wireless Access (FWA) service with a 1.4 GHz frequency commercially. This service uses the IRA brand – People’s Internet and will be activated on February 19, 2026.
The operation of this service marks the start of the full commercial execution phase of IRA – People’s Internet. The presence of this service aims to meet the government’s target through the Ministry of Communications and Digital (Komdigi), namely providing internet speeds of up to 100 Mbps with a maximum price of IDR 147,000.
In terms of service packages, IRA – Internet Rakyat offers fixed broadband at a price of IDR 100,000 per month, including speeds of up to 100 Mbps without data quota limits. Apart from that, customers are not charged installation fees and also get free modem rental.
Director of Digital Synergy Solutions, Shannedy Ong, explained that WIFI network development focuses on a target of 5,500 active network sites by 2026. This will be one of the largest initial 5G FWA rollouts in the region.
“We have a clear direction to reach more than 5 million customers, so we present affordable 5G fixed broadband to the community,” he said in an official statement, Thursday (19/2/2026).
Equity Research Analyst Semesta Indovest Sekuritas, Michael Lee assesses that WIFI is in the right position to experience significant growth as monetization begins to follow the network development phase.
According to his analysis, the 5-year CAGR of WIFI revenue could grow up to 63% and reach IDR 7.7 trillion in 2028. This growth is driven by the Fiber To The Home (FTTH) Starlite and IRA FWA segments.
“This expansion is led by FTTH Starlite which is projected to record revenue of IDR 4.4 trillion, as well as IRA FWA contributions which will increase to IDR 1.9 trillion,” he wrote in his research.
Furthermore, Semesta Indovest Sekuritas recommends buying WIFI with a target price of IDR 5,200 per share. This recommendation reflects strong growth as WIFI is strategically positioned to capture market opportunities.
The Phintraco Sekuritas Research Team explained that currently WIFI is trading at a Price Earning Ratio (PER) of 39.19 times. This figure is higher than the average PER for the Media & Entertainment industry of 27.31 times.
Meanwhile, WIFI’s Price Book Value (PBV) ratio is at 1.91 times. According to Phintraco Sekuritas, this figure is still lower than the industry average PBV of 2.64 times.
