AdMedika Group Divestment to Fullerton Health Completed, TelkomGroup Focuses on Core Business

PT Multimedia Nusantara (TelkomMetra), an operating company of PT Telkom Indonesia (Persero) Tbk (Telkom), has officially signed a Sale and Purchase Agreement (SPA) with Fullerton Health concerning the full divestment of PT Administrasi Medika (AdMedika), including its subsidiary TelkoMedika, collectively referred to as AdMedika Group. The signing of the SPA between TelkomMetra as the seller and Fullerton Health as the buyer, which took place on Tuesday (2/6/2026), represents an important milestone in the optimisation of TelkomMetra’s business portfolio. This step simultaneously places AdMedika Group in its next growth phase under Fullerton Health’s ownership, including regional expansion opportunities. The strategic move is in line with the streamlining aspirations for state-owned enterprises mandated by Danantara Indonesia, aimed at building a more focused, agile, and globally competitive business structure for TelkomGroup. This initiative is also part of the implementation of the TLKM 30 medium-term transformation strategy, particularly on the third pillar through the restructuring of non-core business portfolios to strengthen the company’s focus on core telecommunications and digital businesses. Managing Director Business-2 of PT Danantara Asset Management, Setyanto Hantoro, stated that the move aligns with the transformation agenda and portfolio restructuring of state-owned enterprises currently being driven by Danantara to build companies that are more focused, healthy, and globally competitive. Telkom’s President Director, Dian Siswarini, affirmed that TelkomGroup continues to execute its business portfolio restructuring strategy with discipline to build a more agile, efficient, and value-creation oriented company. Meanwhile, TelkomMetra’s President Director, Pramasaleh Haryo Utomo, said the divestment is a strategic momentum to enhance AdMedika’s added value in the long term. Under Fullerton Health’s ownership, AdMedika is believed to be in a solid position to improve capabilities, expand business scale, and access a broader regional healthcare service ecosystem. AdMedika Group possesses a strong business foundation, technological capabilities, and a proven track record in the third-party administrator (TPA) industry in Indonesia. Fullerton Health’s Group CEO, Ho Kuen Loon, stated that the acquisition underscores the company’s long-term commitment in Indonesia and sustainable investment in building an integrated and scalable healthcare services platform. Through this strategic step, TelkomGroup, TelkomMetra, and Fullerton Health hope to strengthen the healthcare and digital services ecosystem in Indonesia while creating sustainable added value for all stakeholders.