PT Multimedia Nusantara (TelkomMetra), an operating company of PT Telkom Indonesia (Persero) Tbk (Telkom), has signed a Sale and Purchase Agreement (SPA) with Fullerton Health for the full divestment of PT Administrasi Medika (AdMedika), including its subsidiary TelkoMedika, in Jakarta on 2 June 2026 (02/06).

The agreement marks a strategic milestone in the restructuring of TelkomMetra’s business portfolio and positions AdMedika Group to enter its next growth phase under Fullerton Health ownership, including potential regional expansion.

SPA Signing Marks Full Divestment of AdMedika Group

The SPA between TelkomMetra as the seller and Fullerton Health as the buyer formalizes the full divestment of AdMedika Group.

The signing ceremony was also witnessed by representatives from TelkomGroup, Fullerton Health, and PT Danantara Asset Management, reflecting the strategic importance of the transaction.

Portfolio Streamlining Supports TelkomGroup Transformation

The divestment is aligned with the streamlining direction of Danantara Indonesia, aimed at strengthening TelkomGroup’s structure and sharpening its business focus.

The initiative is part of TelkomGroup’s medium-term transformation strategy TLKM 30, particularly its third pillar, which focuses on optimizing non-core business portfolios.

This step is intended to allow the company to concentrate on its core telecommunications and digital businesses while improving overall business agility and competitiveness.

Leadership Emphasize Strategic Value Creation

Managing Director Business-2 PT Danantara Asset Management, Setyanto Hantoro, stated that the initiative supports broader state-owned enterprise transformation efforts.

He said, “This strategic step is aligned with the transformation agenda and portfolio restructuring of SOEs driven by Danantara to build companies that are more focused, healthy, and globally competitive. Through structured portfolio management and collaboration with global partners such as Fullerton Health, we believe this synergy will strengthen Indonesia’s digital ecosystem capabilities, especially in the healthcare sector, and create sustainable long-term value for all stakeholders.”

Telkom President Director Dian Siswarini emphasized disciplined portfolio management and value creation.

She said, “TelkomGroup continues to implement a disciplined business portfolio restructuring strategy to build a more agile, efficient, and value-driven company. We view strategic partnerships like this not merely as corporate transactions, but as part of efforts to create an optimal business structure so that each entity can grow more aggressively and open wider opportunities for business innovation in the future.”

TelkomMetra President Director Pramasaleh Haryo Utomo stated that the divestment strengthens AdMedika’s long-term growth potential.

He said, “TelkomMetra sees this step as a strategic momentum to strengthen AdMedika’s long-term value. Under Fullerton Health ownership, we believe AdMedika is in a strong position to enhance capabilities, expand business scale, and access a broader regional healthcare ecosystem, while maintaining the strong foundation built in Indonesia.”

Fullerton Health to Expand Healthcare Ecosystem in Indonesia

AdMedika Group brings established capabilities in healthcare administration and third-party administrator (TPA) services in Indonesia, supported by strong technology and operational experience.

Under Fullerton Health, the company is expected to strengthen its position in healthcare administration and managed care services across the Asia Pacific region.

Fullerton Health Group CEO Ho Kuen Loon highlighted the company’s long-term commitment to Indonesia.

He said, “This acquisition confirms Fullerton Health’s long-term commitment in Indonesia and our continued investment in building an integrated and scalable healthcare services platform. With AdMedika Group joining the Fullerton Health ecosystem, we strengthen our operational capabilities in healthcare administration while leveraging our regional network to meet Indonesia’s evolving healthcare needs.”

The collaboration between TelkomGroup, TelkomMetra, and Fullerton Health is expected to reinforce Indonesia’s healthcare and digital services ecosystem and generate long-term value for stakeholders.

PHOTO: TELKOM INDONESIA

This article was created with AI assistance.

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