Telecom Sector Sees Positive Sentiment as TLKM Restructures Fiber Assets

Strategic Asset Optimization

PT Telkom Indonesia (TLKM), a major player in Indonesia's telecom sector, has taken significant steps in optimizing its fiber optic assets through restructuring. On December 18, 2025, TLKM signed the deed to separate its wholesale fiber connectivity business and assets into its subsidiary, Infranexia, marking the first phase of this strategic initiative.

Financial Implications

The initial phase involved transferring fiber optic assets valued at Rp 35.3 trillion, representing approximately 50% of the total fiber assets that will be managed by Infranexia. The overall value of fiber assets targeted for transfer is substantial, amounting to Rp 90 trillion. This restructuring is anticipated to have a positive impact on TLKM's financial performance by unlocking the true value of its infrastructure assets.

Market Impact

This strategic move is likely to create a positive sentiment not only for TLKM but also for other telecom sector players such as ISAT and EXCL. Analysts are optimistic that this restructuring will lead to improved operational efficiency and potentially higher valuations for the companies involved.

Future Outlook

The telecom sector is expected to see increased activity as other players may follow TLKM's lead in optimizing their fiber assets. This development could lead to a more robust and competitive telecom industry in Indonesia, ultimately benefiting consumers through improved services and potentially lower prices.