Telkom Reaffirms Governance Reforms Following SEC Investigation

Jakarta — PT Telkom Indonesia (Persero) Tbk has reiterated its commitment to improving governance following an investigation by the United States Securities and Exchange Commission (SEC).

From a governance perspective, we will make further improvements so that we become more disciplined in our business operations, and in our accounting we will be more transparent and cleaner.

The governance improvements, Dian continued, form one of the four main pillars of Telkom’s transformation programme titled TLKM 30.

Telkom is also aligning its accounting policies to improve the accuracy of financial reporting, including ensuring that the principles used to determine the useful life and asset classifications are more accurate.

Along with the implementation of these policies, the company has also restated its 2023 and 2024 financial statements.

This initiative also strengthens governance practices that emphasise transparency, prudence, and discipline in asset management.

The company has also established a Directorate of Legal & Compliance and a Chief Integrity Officer (CIO) to strengthen legal functions, compliance, governance, process integrity, and internal oversight.

Dian said that the SEC investigation, which has been ongoing since October 2023 and related to the BAKTI Kominfo project and later expanding to accounting issues, is a consequence of issues that had been accumulating for a long time.

He did not rule out the possibility that the company could face sanctions from the SEC.

However, he stressed that the company would endeavour to provide a more detailed and thorough explanation regarding the investigation.

Earlier, the Indonesia Stock Exchange (BEI) said it was monitoring PT Telkom Indonesia Tbk (TLKM) in relation to the SEC investigation.

“The Exchange has carried out a series of monitoring and supervisory actions through the holding of a hearing with the Company on 8 April 2026, and has issued several requests for explanations over the case experienced by the Company and coordinated with OJK,” said BEI Corporate Valuation Director I Gede Nyoman Yetna in Jakarta, Monday (11/5).