Telkom Announces Major Infrastructure Leaseback Deal – TipRanks.com

PT Telekomunikasi Indonesia Tbk (TLK) has released an update.

PT Telekomunikasi Indonesia Tbk (Telkom) has announced the successful completion of a significant sale and leaseback transaction involving 850 of its telecommunication infrastructures, with PT Telekomunikasi Seluler (Telkomsel) leasing back 689 units. The deal, valued at approximately Rp685 billion, is part of Telkom’s strategic transformation to cement Telkomsel’s status as a digital telecom leader in Indonesia, with no substantial impact on the company’s operations or financial stability. This strategic move aligns with industry trends, aiming to enhance core business focus, infrastructure optimization, and customer satisfaction for improved profitability.

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