Telkom Completes Streamlining of 10 Entities to Accelerate Transformation into Strategic Holding

PT Telkom Indonesia (Persero) Tbk (Telkom) has completed the streamlining of 10 subsidiary entities in the first half of 2026, fulfilling its commitment to the state-owned enterprise reform aspirations mandated by Danantara Asset Management (DAM) and the State-Owned Enterprise Regulatory Body (BP BUMN). Streamlining is one of the four pillars of the TLKM 30 transformation strategy, focused on structuring the business portfolio through entity optimisation, harmonisation of overlapping businesses, and divestment of non-core assets. Through this streamlining initiative, Telkom is also creating operational efficiency while sharpening its focus on capital expenditure for core business development in the telecommunications and digital sectors. The portfolio restructuring was carried out through various schemes, namely divestment, merger, and liquidation. This move is expected to result in a leaner group structure, sharpen the role of each entity, and strengthen Telkom’s transformation from an Operating Holding into a Strategic Holding with a Holding Company-Operating Company (HoldCo-OpCo) model capable of generating sustainable value growth. Under this structure, Telkom as the HoldCo will focus on portfolio management, strengthening governance, creating synergies, and optimising value across business segments. Meanwhile, operational activities will be carried out by OpCos with more specific focuses, namely on the B2C, B2B Infrastructure, B2B ICT, and International Business segments. Telkom’s Director of Strategic Business Development & Portfolio, Seno Soemadji, stated that portfolio simplification is a strategic step to build a more agile organisation in facing the dynamics of the digital industry. ‘Transformation is not only realised through business capability development, but also through the courage to reorganise the company to be more focused on its core business strengths. With a leaner structure, Telkom has a stronger foundation to move more agilely, allocate investments more optimally, and create higher quality growth.’ By the end of June 2026, Telkom had completed the streamlining of 10 entities through various strategic corporate actions. Under the divestment scheme, Telkom finalised the release of 2 entities, marked by the signing of a Sale and Purchase Agreement (SPA) with a strategic partner on 3 June 2026.