Telkom Indonesia to Hold Extraordinary GMS: Key Agenda and Implications

Corporate Restructuring Plans

PT Telkom Indonesia (TLKM) has announced plans to convene an Extraordinary General Meeting of Shareholders (RUPSLB) on December 12, 2025, at 14:00 WIB. The meeting agenda includes five significant items, with the primary focus on approving the divestment of Wholesale Fiber Connectivity business and assets (Phase 1) to PT Telkom Infrastruktur Indonesia, a 99.99% owned subsidiary.

Strategic Business Divestment

The proposed divestment is part of Telkom's broader corporate restructuring strategy aimed at optimizing its business portfolio and enhancing operational efficiency. The transfer of Wholesale Fiber Connectivity assets to Telkom Infrastruktur Indonesia is expected to streamline Telkom's operations and potentially unlock value in its infrastructure business.

Implications for Telkom's Business Structure

This strategic move indicates Telkom's efforts to reorganize its business segments and focus on core operations. The divestment plan reflects a broader trend in the Indonesian telecommunications sector where companies are restructuring to remain competitive in a rapidly evolving market environment.

Investor and Market Expectations

The RUPSLB meeting outcome is expected to have significant implications for Telkom's stock performance and investor sentiment. Market participants will be closely watching the decisions made during the meeting and their potential impact on the company's future financial performance and strategic direction.