PT Telkom Indonesia (Persero) Tbk (TLKM) has officially completed the streamlining process of 10 of its subsidiary entities. This strategic step was taken to comply with directives from Danantara Asset Management and the State-Owned Enterprises (SOE) Regulatory Body (BP BUMN) in an effort to strengthen the company's business portfolio.
This efficiency process is an integral part of the four transformation pillars of "TLKM 30". The primary focus of this initiative includes portfolio restructuring, eliminating overlapping business functions, and divesting business units that are no longer core to the company's operational activities. Through these steps, Telkom projects an increase in operational efficiency as well as a more optimal reallocation of capital expenditure to the telecommunications and digital sectors.
Although it did not detail the list of downsized entities, various reports mention names such as AdMedika and Telkomedika, which have now transferred ownership to Fullerton Health, as well as PT Citra Sari Makmur and PT Omni Inovasi Indonesia. Telkom executed this process through various corporate schemes, including liquidation, mergers, and asset divestments.
This transformation also marks a shift in Telkom's role from a mere Operating Holding to a Strategic Holding. In this new structure, the parent company will focus more on portfolio management, governance, and creating synergy among business lines. Meanwhile, technical operational activities will be fully handed over to specific units, ranging from the B2C segment, B2B infrastructure, B2B ICT, to international business.
