BP BUMN to Slash 48 Telkom Subsidiaries

Jakarta, CNBC Indonesia — The State-Owned Enterprise Regulatory Body (BP BUMN) will reduce Telkom Group’s business entities from 67 to 19 by the end of 2026 as part of a streamlining programme for the state-owned company. BP BUMN Chief Dony Oskaria, who is also COO of Danantara Indonesia, held a meeting with PT Telkom Indonesia’s Portfolio/Business Director at Danantara Indonesia’s Wisma to discuss the streamlining progress update. “This move is part of Telkom’s major transformation to build a leaner, more focused, and competitive business structure to strengthen its role as a digital strategic holding,” he said on his Instagram social media, cited on Tuesday (26/5/2026). During the discussion, Telkom management outlined strategic steps including mergers, divestments, liquidations, business consolidations, and the creation of new enterprise holdings to reinforce digital business and national telecommunications infrastructure focus. Several priority agendas are also being accelerated, including the consolidation of FiberCo SOEs, data centre development, TowerCo, InfraCo, and Telkom Group licensing arrangements to support the transformation towards a more adaptive and globally competitive digital strategic holding. “Through this transformation, BP BUMN and Danantara continue to drive better governance, business efficiency, asset optimisation, and national digital ecosystem consolidation to make SOEs more agile, healthy, and capable of driving Indonesia’s digital economy forward,” he concluded.