Following the completion of the IndiHome integration process, Telkom's effective ownership in Telkomsel will become 69.9%, while Singapore Telecommunications (SGX:Z74
) ’ (Singtel) (SGX:Z74) ownership in Telkomsel will become 30.1%.
Indonesia’s telco operators Telkom and Telkomsel have signed a deed of spin-off to integrate fixed broadband provider IndiHome into Telkomsel.
IndiHome will legally be under Telkomsel’s management effective July 1 after Telkomsel’s increase in capital associated with the transaction is notified to Indonesia’s Minister of Law and Human Rights.
