PT Telkom Indonesia Tbk (TLKM) has officially completed the restructuring and simplification of its portfolio across 10 subsidiary entities during the first semester of 2026. This strategic step was taken as part of the company's efforts to transform into a more focused, agile, and competitive holding company amid the rapid development of the digital industry.
Telkom's Director of Strategic Business Development & Portfolio, Seno Soemadji, explained that this reorganization was carried out through various mechanisms, namely divestment, merger, and liquidation. By the end of June 2026, Telkom had completed the divestment of two entities through share purchase agreements (SPA), merged two other entities, and liquidated six companies deemed no longer aligned with the group's long-term vision.
According to Seno, this decision is part of the effort to create a healthier and more efficient business structure. By streamlining the portfolio, Telkom aims to strengthen synergies between operational segments and optimize investments in core businesses within the telecommunications and digital sectors.
"This transformation is not just about reducing the number of entities, but building a more agile organization to better respond to industry dynamics. Our focus is to strengthen the Holding Company-Operating Company (HoldCo-OpCo) structural model, where the parent company acts as a portfolio controller while operational activities are delegated to the respective business units," Seno explained in an official statement.
Seno added that the entire restructuring process was conducted in strict compliance with the principles of good corporate governance. Regarding internal impacts, the company has also provided a voluntary early retirement program for employees as part of human resource adjustments in this organizational transformation.
