UPDATE 2-Indonesia's Telkom sees '08 profit up 11-12 pct

JAKARTA, March 13 (Reuters) - Indonesia's top telecoms company, PT Telekomunikasi Indonesia Tbk TLKM.JK, said on Thursday its net profit is expected to rise by 11-12 percent this year, short of analyst forecasts, as competition in the sector squeezes growth. [more, reuters]