DivestmentAug 7, 2026, 08:04 AM
Telkom to Spin-Off Wholesale Fiber Connectivity Business Phase 2
AI Summary
Telkom announced its plan to spin off the Phase 2 Wholesale Fiber Connectivity Business Segment to its controlled subsidiary, PT Telkom Infrastruktur Indonesia (TIF). The transaction is valued at Rp49.858 trillion, representing 33% of Telkom's equity as of December 31, 2025. This strategic move aims to strengthen business fundamentals, enhance competitiveness, and optimize asset utilization by establishing TIF as a revenue growth engine for external wholesale and Telkom Group's fiber network connectivity. Telkom's shareholding in TIF will increase to 99.9999999% following the spin-off, which requires shareholder approval at a General Meeting of Shareholders.
Key Highlights
- Spin-off of Wholesale Fiber Connectivity Business Segment Phase 2 to TIF.
- Transaction valued at Rp49.858 trillion.
- Represents 33% of Telkom's equity as of December 31, 2025.
- Telkom's ownership in TIF to increase to 99.9999999% post-spin-off.
- TIF to issue 498,580,000 new shares to Telkom as consideration.
- Creditors have until August 21, 2026, to submit objections.
- General Meeting of Shareholders (GMS) approval required for the spin-off.