PT Telkom Indonesia (Persero) Tbk (TLKM) has officially completed the portfolio simplification or streamlining agenda of 10 of its subsidiary entities during the first semester of 2026. This corporate action is part of the company's strategic transformation to strengthen its position as a strategic holding focused on the telecommunications and digital sectors.
Telkom's Director of Strategic Business Development & Portfolio, Seno Soemadji, explained that this step was taken to reorganize the group's business portfolio to make it leaner and more efficient. The reorganization was realized through divestment schemes, vertical mergers, and the liquidation of entities deemed to provide less strategic contribution to long-term growth.
By the end of June 2026, Telkom was recorded to have divested two entities, merged two entities through vertical merger schemes, and liquidated six other entities. This move is claimed to improve operational efficiency and allow the company to allocate capital expenditure (capex) more effectively to main business lines, namely B2C services, B2B Infrastructure, B2B ICT, and international business.
This transformation also solidifies the HoldCo-OpCo business model, where the parent entity plays a role in managing the portfolio and synergy, while the operating entities focus on market execution. Seno emphasized that a more agile and lean organization is the main foundation for Telkom in facing increasingly competitive global digital market dynamics.
In its implementation, Telkom is committed to maintaining the principles of Good Corporate Governance (GCG) by coordinating with related institutions, such as the Attorney General's Office and BP BUMN. In addition to structural reorganization, the company is also managing human resources responsibly through voluntary early retirement programs for employees at the OpCo level to build a more productive and adaptive work culture.
