PT Telkom Indonesia (Persero) Tbk. has officially completed the process of simplifying or streamlining 10 of its subsidiary entities by the end of June 2026. This strategic step was taken as a form of the company's commitment to supporting state-owned enterprise (SOE) transformation aspirations, while also serving as an important pillar in restructuring the corporate business portfolio.
The restructuring process includes three main schemes: divestment, vertical merger (vertical merger), and liquidation. Telkom recorded that it has divested two entities, merged two entities, and liquidated six other entities. These efforts are focused on core business optimization, eliminating business overlaps, and improving overall operational efficiency.
Telkom's Director of Strategic Business Development & Portfolio, Seno Soemadji, emphasized that this step is part of the 'TLKM 30' transformation vision. This structural change is designed to transition Telkom from a mere Operating Holding to a Strategic Holding. With the Holding Company-Operating Company (HoldCo-OpCo) model, Telkom will focus more on portfolio management and synergy, while operational aspects are delegated to entities specializing in B2C, infrastructure, ICT, and international business.
Furthermore, Seno emphasized that this downsizing is not just a reduction in the number of subsidiaries, but an effort to create a more agile and competitive organization amidst the dynamics of the global digital industry. The entire process was carried out by upholding the principles of good corporate governance (GCG) and was tightly coordinated with various relevant stakeholders.
In ensuring a conducive transition process, Telkom guarantees the fulfillment of rights for all affected employees. The company is implementing a responsible approach, including through mutually agreed early retirement programs. This strategic move is projected to strengthen Telkom's financial foundation and investment efficiency to support the national digital ecosystem until 2030.
