Information on the target
PT Telkom Indonesia Persero (Tbk) has recently announced the successful spin-off of its wholesale fiber connectivity business into a new entity, PT Telkom Infrastruktur Indonesia (InfraNexia). This strategic move was approved during the Extraordinary General Meeting of Shareholders (RUPSLB) held on September 30, 2026. The spin-off consolidates over 90% of Telkom's network infrastructure assets into InfraNexia, positioning it as a dedicated operating company focused on enhancing the digital infrastructure landscape in Indonesia.
The formation of InfraNexia is a critical component of Telkom's TLKM 30 strategy, aimed at monetizing high-value assets and fostering strategic partnerships to capture growth opportunities. This transition marks a significant shift in Telkom's operational model from an Operating Holding to a Strategic Holding, emphasizing value creation and sustainable synergy among its entities.
Industry overview in the target’s specific country
The Telecommunications Network Infrastructure industry in Indonesia has witnessed substantial growth in recent years, driven by increasing demand for high-speed internet and digital services. As the largest archipelago in the world, Indonesia's unique geographical challenges necessitate robust and extensive telecommunications infrastructure to ensure connectivity across its numerous islands. The government has recognized the importance of enhancing digital infrastructure as part of its national development agenda, leading to various initiatives aimed at improving broadband access and quality.
In recent years, the Indonesian telecommunications sector has seen significant investments from both domestic and foreign players, aiming to expand network coverage and enhance service quality. The rise of digital services, including e-commerce, online education, and telehealth, has further accelerated the need for advanced telecommunications infrastructure. As a result, companies operating in this space are increasingly focusing on innovative solutions to meet the growing demands of consumers and businesses alike.
Moreover, the government's push for digital transformation, encapsulated in initiatives such as the 2020-2024 National Medium-Term Development Plan (RPJMN), has set ambitious targets for improving internet penetration and digital literacy across the country. This environment presents a favorable landscape for telecommunications infrastructure providers, as they play a crucial role in enabling the digital economy and supporting various sectors, including education, healthcare, and finance.
As Indonesia continues to evolve into a digital-first economy, the Telecommunications Network Infrastructure industry is poised for further growth. The increasing adoption of technologies such as 5G, Internet of Things (IoT), and…