Every CEO has a new strategy, that means Telkom is going to have quite a few new strategies over the next few years.
IMHO a company has to be good with its core business before diversifying. It is all very well and good to look at the facts and figures on paper and decide 3G or media is a growth point. But the problem is that if you are terrible at your core business nobody is going to trust you in your non-core business.
Telkom management do not really understand how to run a successful company. They have enjoyed success because of their monopoly status but that's all. They need to fix their core business, their products and service levels are terrible. If they fix that, they will improve revenue in the long term and shut out competitors that are trying to enter their their own turf. Only once they are good at what they do should they diversify.
Telkom does not think long term and neither do most of its shareholders. Telkom is thinking short term to try and keep the market happy but in the process bleeding itself dry. The end result will not be pretty, but it may be welcome.