TelkomMetra Divests AdMedika Group to Fullerton Health for Regional Expansion

PT Multimedia Nusantara (TelkomMetra), an operating company under PT Telkom Indonesia, has finalized a significant divestment, signing a sale and purchase agreement to sell its entire stake in PT Administrasi Medika (AdMedika) and its subsidiaries, collectively known as AdMedika Group, to Fullerton Health. The agreement, signed on Tuesday, June 2, 2026, marks a key step in TelkomMetra's ongoing efforts to optimize its business portfolio.

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Through targeted portfolio restructuring and collaboration with global partners like Fullerton Health, we believe this synergy strengthens the capabilities of Indonesia's digital ecosystem, especially in the healthcare sector, and creates sustainable long-term value for all stakeholders.

The divestment aligns with the Indonesian government's mandate for state-owned enterprises (BUMN) to streamline operations and enhance global competitiveness. For TelkomMetra, this strategic move allows for a more focused and agile business structure, concentrating resources on its core telecommunications and digital services. This initiative is a crucial part of TelkomGroup's medium-term transformation strategy, specifically targeting the restructuring of non-core assets.

Setyanto Hantoro, Managing Director of Business-2 at PT Danantara Asset Management, emphasized that this strategic step supports the BUMN transformation agenda, aiming to build more focused, healthy, and globally competitive companies. He believes that the collaboration with Fullerton Health will strengthen Indonesia's digital ecosystem, particularly in the healthcare sector, and generate sustainable long-term value for all stakeholders.

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We view strategic partnerships like this not merely as corporate transactions, but as efforts to create an optimal business structure so that each entity can grow more aggressively and open up broader business innovation space in the future.

Telkom Indonesia's President Director, Dian Siswarini, reiterated the company's commitment to disciplined portfolio management to foster agility and value creation. She views strategic partnerships like this not merely as corporate transactions but as efforts to create an optimal business structure that enables aggressive growth and broader innovation opportunities for each entity. Pramasaleh Haryo Utomo, President Director of TelkomMetra, added that this move is a strategic momentum to enhance AdMedika's long-term value, expressing confidence that under Fullerton Health's ownership, AdMedika is well-positioned for growth and expansion into the wider regional healthcare ecosystem.

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Under Fullerton Health's ownership, we believe AdMedika is in a solid position to enhance its capabilities, expand its business scale, and access a wider regional healthcare service ecosystem, while maintaining the strong foundation built in Indonesia.