PT Telkom Indonesia (NYSE: TLK) shifts wholesale fiber assets into TIF unit
Rhea-AI Filing Summary
PT Telkom Indonesia (Persero) Tbk signed a decree to separate part of its wholesale fiber connectivity business and related assets into its subsidiary PT Telkom Infrastruktur Indonesia (TIF). This step is Phase 1 of a broader plan to transfer the entire wholesale fiber connectivity business and assets to TIF and follows approval at an extraordinary general meeting of shareholders on December 12, 2025.
Once the separation and related capital increase take effect, which is expected on January 1, 2026 after completion of required approvals, Telkom's effective ownership in TIF will rise from 99.999995% to 99.9999997%. PT Multimedia Nusantara's stake in TIF will fall from 0.000005% to 0.0000003%, and TIF will remain a controlled company within the Telkom group.
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Insights
Telkom is concentrating its wholesale fiber business in subsidiary TIF with a near-100% stake.
PT Telkom Indonesia is moving its wholesale fiber connectivity business and assets into PT Telkom Infrastruktur Indonesia (TIF), using a formal separation decree signed on
After the capital increase tied to the separation becomes effective, expected on
The change formalizes TIF as the main vehicle for the wholesale fiber connectivity business under virtually complete Telkom ownership. The key milestone to watch is the effectiveness of the capital increase and related approval and notification process, which is expected around
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13 a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2025
Perusahaan Perseroan (Persero)
PT Telekomunikasi Indonesia Tbk
(Exact name of Registrant as specified in its charter)
Telecommunications Indonesia
(A state-owned public limited liability Company)
(Translation of registrant’s name into English)
Jl. Japati No. 1 Bandung 40133, Indonesia
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F þ Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes No þ
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes No þ
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 18, 2025 | Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk By: /s/ Jati Widagdo ---------------------------------------------------- (Signature) Jati Widagdo SVP Corporate Secretary |
Number | : | Tel.47/LP 000/COP-M0000000/2025 |
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Jakarta, | December 18 2025 | |
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To. | ||
Board of Commissioners of the Indonesian Financial Services Authority Attn. Chief Executive of Capital Market Supervision Gedung Sumitro Djojohadikusumo Jl. Lapangan Banteng Timur No.2-4, Jakarta 10710 | ||
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Re | : | Signing of the Decree of Separation of Part of the Wholesale Fiber Connectivity Business and Assets by PT Telkom Indonesia (Persero) Tbk into PT Telkom Infrastruktur Indonesia (TIF), which is Phase 1 of the plan to Transfer the Entire Wholesale Fiber Connectivity Business and Assets to PT Telkom Infrastruktur Indonesia (TIF) |
Dear Sir/Madam,
In compliance with the Indonesian Financial Service Authority’s (Otoritas Jasa Keuangan/”OJK”) Regulation No. 31/POJK.04/2015 concerning Disclosure of Material Information or Facts by Issuers or Public Companies, as lastly amended by Financial Service Authority No. 45 of 2024 on Development and Reinforcement of Issuers and Public Companies, we hereby inform you that:
| Issuer Name | : | PT Telkom Indonesia (Persero) Tbk |
| Business Sector | : | Telecommunication |
| Phone | : | (021) 5215109 |
| E-mail Address | : | investor@telkom.co.id |
1. | Information or Material Facts | Signing of the Decree of Separation of Part of the Wholesale Fiber Connectivity Business and Assets by PT Telkom Indonesia (Persero) Tbk into PT Telkom Infrastruktur Indonesia (TIF), which is Phase 1 of the plan to Transfer the Entire Wholesale Fiber Connectivity Business and Assets to PT Telkom Infrastruktur Indonesia (TIF). |
2. | Date | December 18, 2025 |
3. | Description | On December 18, 2025, the Company signed a Decree of Separation of Part of the Wholesale Fiber Connectivity Business and Assets by PT Telkom Indonesia (Persero) Tbk into PT Telkom Infrastruktur Indonesia (TIF), which is Phase 1 of the plan to transfer the entire Wholesale Fiber Connectivity Business and Assets to PT Telkom Infrastruktur Indonesia (TIF) (“Separation”) as approved by Telkom's Extraordinary General Meeting of Shareholders on December 12, 2025. Upon completion of the Separation process, Telkom's ownership in TIF will increase in accordance with the value of the separation transaction. Telkom's effective ownership in TIF will increase to 99.9999997% (ninety-nine point nine nine nine nine nine nine seven percent) from the previous 99.999995% (ninety-nine point nine nine nine nine nine five percent). This increase in TIF's capital is expected to take effect on January 1, 2026, after the completion of the application process for approval |
and notification of changes to TIF's articles of association to the Ministry of Law of the Republic of Indonesia. | ||
4. | The Impact of the Events | After the TIF capital increase takes effect, Telkom's ownership of TIF shares will increase from 99.999995% (ninety-nine point nine nine nine nine nine five percent) to 99.9999997% (ninety-nine point nine nine nine nine nine nine seven percent) and a decrease in PT Multimedia Nusantara's share ownership in TIF from the previous 0.000005% (zero point zero zero zero zero zero five percent) to 0.0000003% (zero point zero zero zero zero zero zero three percent) as a result of the Spin-off transaction. |
5. | Others | TIF is a Controlled Company of Telkom with share ownership prior to the completion of the Spin-off transaction of 99.999995% (ninety-nine point nine nine nine nine nine five percent) of the total issued and paid-up capital of TIF. |
Thus, we submit this report. Thank you for your attention.
Best Regards,
/s/ Jati Widagdo
Jati Widagdo
SVP Corporate Secretary
FAQ
What corporate action did PT Telkom Indonesia (TLK) take regarding its wholesale fiber business?
PT Telkom Indonesia (Persero) Tbk signed a decree to separate part of its wholesale fiber connectivity business and related assets into its subsidiary PT Telkom Infrastruktur Indonesia (TIF). This is described as Phase 1 of a plan to transfer the entire wholesale fiber connectivity business and assets to TIF.
When was the separation decree for PT Telkom Indonesia (TLK) and TIF signed and approved?
The decree to separate part of the wholesale fiber connectivity business into TIF was signed on December 18, 2025. The underlying plan was approved earlier by Telkom's Extraordinary General Meeting of Shareholders held on December 12, 2025.
How will PT Telkom Indonesia’s (TLK) ownership in TIF change after the transaction?
After the capital increase related to the separation takes effect, Telkom's effective ownership in TIF will increase from 99.999995% to 99.9999997%. TIF will continue to be a controlled company within the Telkom group.
What happens to PT Multimedia Nusantara’s ownership in TIF after Telkom’s restructuring?
As a result of the spin-off transaction, PT Multimedia Nusantara's share ownership in TIF will decrease from 0.000005% to 0.0000003%. This reflects the capital increase in TIF tied to the separation of the wholesale fiber connectivity business.
When is PT Telkom Indonesia (TLK) expecting the ownership changes in TIF to become effective?
The increase in TIF's capital and the resulting ownership changes are expected to take effect on January 1, 2026, after completion of the application process for approval and notification of amendments to TIF's articles of association to the Ministry of Law of the Republic of Indonesia.
What role does PT Telkom Infrastruktur Indonesia (TIF) play within the Telkom group?
PT Telkom Infrastruktur Indonesia (TIF) is described as a controlled company of PT Telkom Indonesia. Following the separation of the wholesale fiber connectivity business and the related capital increase, Telkom will effectively own 99.9999997% of TIF's issued and paid-up capital.
