Telkom Indonesia Receives Shareholder Approval for Major Corporate Actions

Significant Restructuring Moves

PT Telkom Indonesia Tbk (TLKM) has successfully obtained shareholder approval during an Extraordinary General Meeting (EGM) held on December 12, 2025, for several significant corporate actions. The meeting approved five key agenda items that will shape the company's future operations and structure.

Key Decisions from the EGM

1. Approval for the spin-off of Wholesale Fiber Connectivity business: Shareholders agreed to transfer Telkom's Wholesale Fiber Connectivity assets to PT Telkom Infrastruktur Indonesia (Infranexia). This strategic move is expected to enhance operational efficiency and create a more focused business structure.
2. Amendments to the company's articles of association: The EGM approved changes to the company's bylaws, which will likely provide more flexibility in future business operations.
3. Delegation of authority for the 2026 Business Plan and Budget: Shareholders delegated the authority to approve the 2026 Business Plan and Budget, including any potential amendments, to the company's management.

Implications of the Spin-off

The decision to spin off the Wholesale Fiber Connectivity business into Infranexia represents a significant restructuring effort by Telkom. This move is likely aimed at creating a more agile and specialized entity that can focus on fiber connectivity services. The spin-off is expected to bring several benefits, including improved operational focus and potentially increased investor interest in the newly formed entity.

Changes in Corporate Governance

The EGM also approved changes to the board of commissioners, marking a shift in Telkom's corporate governance structure. While specific details about the new commissioners were not disclosed, this change is likely to bring fresh perspectives to the company's strategic decision-making process.

Market Impact

These corporate actions demonstrate Telkom's commitment to strategic restructuring and operational optimization. The market is likely to view these moves positively as they are expected to enhance the company's efficiency and competitiveness in the telecommunications sector.