Telkom proposes two mergers to simplify subsidiary structure
The restructuring programme targets 50 of the Indonesian group's 68 subsidiaries, with work on 28 entities completed.
PT Telkom Indonesia (Persero) Tbk. has outlined plans for two subsidiary mergers covering telecommunications infrastructure and property ownership. The company said PT Infrastruktur Telekomunikasi Indonesia (Telkominfra) would be absorbed by PT Telkom Akses, and PT Nusantara Sukses Investasi (NSI) by PT Graha Sarana Duta (GSD).
The proposed transactions form part of a programme targeting 50 entities within TelkomGroup's 68 subsidiaries. Telkom said it had finished reorganising 28 entities and was pursuing work on another 22, aiming to complete that process before the end of 2026.
The infrastructure merger would bring together Telkom Akses's fibre access and backbone operations with Telkominfra's non-fibre businesses. Those include core networks, service nodes, power solutions, submarine cable communications systems, base stations and towers. Telkom said the combined portfolio would broaden the infrastructure managed by Telkom Akses.
For the property businesses, NSI's stakes in its subsidiaries would transfer directly to GSD. Telkom president director Nanang Hendarno said removing ownership layers that no longer contributed value would support more efficient asset management and a more integrated approach to the group's property portfolio.
Nanang said each merger decision was subject to a thorough assessment, independent due diligence and multiple levels of approval. Telkom said the programme reflected shareholder aspirations through PT Danantara Asset Management (Persero) and supported its TLKM 30 strategy to move from an operating holding company towards a strategic holding company.
