Telkom's New Revenue Engine: Consolidation of Fibre Optic Assets from All SOEs

Jakarta, CNBC Indonesia – Danantara is pushing for the fibre optic assets of all state-owned enterprises to be consolidated under PT Telkom Indonesia (Persero) Tbk.

Dian Siswarini, President and Chief Executive of TelkomGroup, explained that consolidating business areas into a single entity is a directive from Danantara for all SOEs.

“So now the direction from Danantara is like that, not just fibre optic but real estate and other things,” she said on Wednesday (11 March 2026).

Consequently, Dian revealed that the consolidation of SOE fibre optic assets will be a primary focus of PT Telkom Infrastruktur Indonesia (TIF) or InfraNexia. Previously planned initiatives such as seeking strategic partners or investors from both domestic and international sources have been postponed to next year.

“The main focus this year is still to ensure Infranexia becomes a capable fibre operator,” she said. “There is a directive from Danantara on how we can conduct a study of fibre assets from other SOEs to be consolidated.”

Dian did not specifically name which other SOEs’ fibre optic assets will be consolidated into InfraNexia. However, currently there are two SOEs managing fibre optic business operations: PT PLN (Persero) through Icon Plus and PT Jasa Marga (Persero) Tbk. through PT Jasa Marga Related Business.

Budi Satria Dharma Purba, Director of Wholesale and International Service at Telkom, stated that Telkom is targeting the spin-off of its fibre optic business to InfraNexia to boost Telkom’s revenue from fibre optic services to third parties.

Currently, he disclosed that Telkom’s revenue from fibre optic services from external parties or fibre neutral accounts for only 15 per cent. Following the spin-off, the contribution from this business category is targeted to increase to 25-40 per cent.

“The consolidation of subsidiaries will be the next focus before unlocking value,” said Budi.