Arthur Pineda

Choong Chen Foong

Hussaini Saifee

Ranjan Sharma

- Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) announced a **spin-off of its Wholesale Fiber Connectivity Business and Assets** to its subsidiary, PT Telkom Infrastruktur Indonesia (TIF).  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:8]**  This partial spin-off aims to enable more focused business development, increase efficiency, and optimize fiber optic network assets.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:8]** 
- The agreed valuation for the Wholesale Fiber Connectivity Business and Assets to be transferred is **Rp35,787,258,000,000**.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:8]** **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:11]**  This value represents **22.02% of TLK's equity** as of December 31, 2024.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:11]** 
- As consideration, TIF will issue **357,872,580 new shares** to TLK, increasing TLK's ownership in TIF to **99.9999997%**.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:10]** **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:8]** 
- A General Meeting of Shareholders (GMS) to approve the spin-off plan is scheduled for **December 12, 2025**.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:26]** 
- Pro forma income statements for TLK indicate **no change** in Business Profit, Profit Before Tax, Income Tax, Net Profit After Tax, Other Comprehensive Income, or Total Profit and Comprehensive Income after the spin-off.  **[1001807_0001001807-25-000062_tmb-20251021x6k.htm:24]**

PERUSAHAAN PERSEROAN PERSERO PT TELEKOMUNIKASI INDONESIA TBK (TLK)