Telkom Indonesia to Close Up to 14 Subsidiaries in Restructuring Drive

PT Telkom Indonesia (Persero) Tbk is set to liquidate or close between 12 and 14 of its subsidiaries as part of a significant restructuring effort. Dony Oskaria, Head of the State-Owned Enterprises (SOE) Ministry's regulatory body and Chief Operating Officer of Danantara, confirmed the plan, noting that the exact number would be verified later. Oskaria assured that the closures would not result in job terminations, as affected employees will be integrated into other existing Telkom subsidiaries, potentially leading to larger, more consolidated entities. This initiative aligns with a larger goal set by the SOE Ministry and Danantara to streamline the Telkom Group. The objective is to reduce the company's current 67 subsidiaries down to 19 by the end of 2026. This consolidation aims to strengthen Telkom's position as a national strategic holding company focused on the digital sector. Key programs being accelerated include the consolidation of State-Owned Enterprises' FiberCo, Data Center development, TowerCo, and InfraCo. The restructuring also involves optimizing Telkom Group's licenses to foster greater adaptability and global competitiveness. The SOE Ministry and Danantara are driving this transformation to enhance governance, optimize assets, and consolidate the national digital ecosystem, ultimately making SOEs more agile and capable of advancing Indonesia's digital economy.

“

The ones being liquidated are 12 or 14. I forgot, it will be checked later.