PT Telkom Indonesia (Persero) Tbk officially received approval from independent shareholders to spin off part of its Wholesale Fiber Connectivity business into PT Telkom Infrastruktur Indonesia, known as InfraNexia, during an Extraordinary General Meeting of Shareholders (EGMS) held online (12/12).

The corporate action is classified as an affiliated transaction under OJK Regulation No. 42/2020 and was approved after meeting quorum requirements, with consent from the majority of independent shareholders.

Spin-Off Aligns With Telkom’s TLKM 30 Transformation Strategy

The separation of the Wholesale Fiber Connectivity business and assets is part of Telkom’s TLKM 30 transformation strategy, which focuses on portfolio restructuring and business focus to generate sustainable value.

InfraNexia is expected to support the acceleration of Indonesia’s digital connectivity ecosystem by optimizing infrastructure assets and improving the quality of digital infrastructure services.

Telkom Management Emphasizes Agile Business Structure

Telkom President Director Dian Siswarini expressed appreciation to stakeholders for their continued support of the company’s transformation agenda.

“We extend our gratitude to stakeholders for their support and confidence in Telkom’s transformation efforts. The approval of this business and asset separation strengthens the company’s transformation agenda to build a more focused and agile business structure, enabling Telkom to contribute more significantly to national digital acceleration and create added value for the company, stakeholders, society, and the state,” Dian Siswarini said.

InfraNexia to Control Majority of Fiber Infrastructure Assets

After the first phase of the spin-off, InfraNexia will own more than 50% of Telkom’s total fiber network infrastructure, covering access, aggregation, backbone, and other supporting infrastructure.

The second phase of the spin-off is targeted for full completion in 2026, with total asset value reaching Rp90 trillion.

EGMS Also Approves PDNS Assignment and Board Changes

At the same meeting, shareholders approved the government’s assignment for Telkom to operate and maintain the Temporary National Data Center (PDNS) during the transition period until the government’s permanent data center becomes fully operational.

The EGMS also approved changes to Telkom’s Board of Commissioners and Board of Directors, which are expected to support company performance and the ongoing transformation process.

PHOTO: TELKOM INDONESIA

This article was created with AI assistance.