The document discusses the outlook for the Indonesian telecommunications industry in 2022, with the theme of "Arranging the Telecommunications Business from Pandemic to Endemic". It notes the evolution of digital transformation from 1995 to 2021. It outlines scenarios for telcos after the pandemic: thrive by differentiating and investing in R&D, M&A, and infrastructure; survive by playing in mass markets and prioritizing urban coverage; be a "bitpipe" by carrying commodity bits; or be a "cashcow" by investing in best networks and customer service. It also lists challenges for digital regulation towards a digital Indonesia, including availability, affordability, quality, digital sovereignty, independence, ecosystems, infrastructure, industry health,