Mergers & Acquisitions ·
PT Telekomunikasi Indonesia Tbk announced a non-liquidating spin-off of its Phase 2 Wholesale Fiber Connectivity…
TLKPerusahaan Perseroan Persero PT Telekomunikasi Indonesia Tbk
PT Telekomunikasi Indonesia Tbk announced a non-liquidating spin-off of its Phase 2 Wholesale Fiber Connectivity Business Segment to its controlled subsidiary, PT Telkom Infrastruktur Indonesia. The transaction involves transferring assets and liabilities valued at Rp49,858,000,000,000 (approximately $3.1 billion USD), representing 33% of the Company's equity based on audited financial statements as of December 31, 2025. In consideration, TIF will issue 498,580,000 new shares to Telkom at a conversion value of Rp100,000 per share, increasing Telkom's ownership in TIF from 99.9999997% to 99.9999999%. The transaction is classified as a material affiliated transaction under Indonesian regulations but exempts the company from shareholder approval requirements due to the high level of existing control; however, a General Meeting of Shareholders will still be convened for formal approval. Creditors may submit objections by August 21, 2026. PT Telekomunikasi Indonesia Tbk operates in the telecommunications industry, providing network infrastructure and digital services.