Danantara States Telkom to Close 12–14 Subsidiaries

The Head of the State-Owned Enterprise Regulatory Agency and Chief Operating Officer (COO) of Danantara, Dony Oskaria, stated that PT Telkom Indonesia (Persero) Tbk (TLKM) will undergo the liquidation or closure of 12 to 14 of its subsidiaries. Speaking after attending a working meeting with Commission VI of the Indonesian House of Representatives (DPR RI) in Senayan, Jakarta, on Monday, Dony noted that while the exact number is being verified, the restructuring is underway.

Dony assured that the closure of these subsidiaries will not lead to any redundancies, as employees will be consolidated into other Telkom subsidiaries. He explained that certain sectors, such as fibre optics, will see multiple companies merged into larger, more robust entities, ensuring staff are retained through the merger process.

During its Annual General Meeting of Shareholders (AGMS), PT Telkom Indonesia Tbk (TLKM) also agreed to changes in its Board of Commissioners to strengthen leadership oversight during its digital transformation. Telkom’s President Director, Dian Siswarini, stated that the decisions made during the AGMS reflect the company’s commitment to enhancing performance and creating added value.

Furthermore, Telkom shareholders approved a cash dividend distribution of Rp21.9 trillion for the 2025 fiscal year, alongside a share buyback programme with a maximum value of Rp4 trillion. In a related development, the SOE Regulatory Agency and Danantara have agreed to accelerate the streamlining of the Telkom Group, reducing its 67 subsidiaries to just 19 entities by the end of 2026. This initiative aims to bolster Telkom’s role as a strategic national digital holding company through the consolidation of FibreCo, Data Centres, TowerCo, and InfraCo, as well as the restructuring of Telkom Group licences to support a globally competitive digital ecosystem.