Telkom Indonesia Stock Advances With Two Planned Subsidiary Mergers

Published on 11/13/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telkom Indonesia stock is advancing a TLKM30 restructuring plan with two proposed subsidiary mergers. Shareholder and regulatory approvals are still pending.

Telkom Restructuring Advances

Telkom plans to merge Telkominfra into Telkom Akses and NSI into Graha Sarana Duta.
The transactions support the shift from an operating holding structure to a strategic holding structure.
Shareholder meetings and Indonesian Ministry of Law clearance remain necessary before completion.

TLK, US7156841063, Illustration mit AI erstellt.

PT Telkom Indonesia (Persero) Tbk announced two planned subsidiary mergers on Tuesday, November 10, as it continues the TLKM30 program to simplify its group structure. The plans involve Telkominfra joining Telkom Akses and Nusantara Sukses Investasi, or NSI, joining Graha Sarana Duta, or GSD, according to StocksToFind, citing Telkom Indonesia's newsroom announcement.

Infrastructure And Property Consolidation

Telkom Akses is intended to remain the receiving entity in the infrastructure transaction. Its fiber-access and fiber-backbone activities would be combined with Telkominfra's non-fiber infrastructure, including core networks, power solutions, submarine cable systems, base transceiver stations, IP radio and towers.

The enlarged Telkom Akses would oversee a broader infrastructure platform covering data centers, switching offices, terrestrial and submarine backbone networks, access networks, radio access networks and towers. The stated aim is to place the group's infrastructure activities under a more integrated structure and reduce overlapping functions.

The second transaction would transfer NSI into GSD. Telkom said the move would simplify the ownership chain for its property portfolio by transferring NSI's holdings directly to GSD and removing layers that no longer add value.

Approvals Remain The Next Milestone

The proposed mergers are not completed transactions. They require approval at extraordinary general meetings of shareholders and clearance from Indonesia's Ministry of Law. Telkom also said employee interests, creditor rights, customer relationships and business-partner obligations would continue under the applicable transition arrangements.

The moves form part of a shareholder-mandated streamlining program carried out through PT Danantara Asset Management (Persero). Telkom has identified 50 of its 68 subsidiaries for restructuring. The company said 28 entities had already been reorganized, leaving 22 in the remaining program, with completion targeted before the end of 2026.

Telkom CEO Nanang Hendarno said merger decisions undergo comprehensive study, independent due diligence and tiered approvals. For investors, the next milestones are the shareholder votes, regulatory clearance and evidence that the consolidated infrastructure and property structures produce operating benefits.

Telkom Indonesia stock traded at 10.70 euros on Lang & Schwarz at 09:32 CET on Friday, November 13, 2026.