(Left-right) Network & IT Solution Director Herlan Wijanarko, Digital Business Director Muhamad Fajrin Rasyid, Enterprise & Business Service Director FM Venusiana R., President Director Ririek Adriansyah, Strategy Portfolio Director Budi Setyawan Wijaya, Wholesale & International Service Director Bogi Witjaksono, Finance & Risk Management Heri Supriadi Director, Human Capital Management Director Afriwandi took a group photo after the 2022 Annual General Shareholders Meeting in Jakarta, Tuesday (30/5).
Telkom through this year's GSM obtained approval from independent shareholders for its corporate action to spin off IndiHome to Telkomsel. As stipulated in the Financial Services Authority (OJK) Regulation No.42/2020, corporate actions classified as affiliated require the approval of independent shareholders, in which a quorum has been reached and approved by a majority of independent shareholders.
Jakarta, 30 May 2023 - PT Telkom Indonesia (Persero) Tbk (Telkom) obtained approval from independent shareholders for its corporate action to spin off IndiHome to Telkomsel at Telkom's Annual General Shareholders Meeting for Fiscal Year 2022 Tuesday (30/5) in Jakarta. As stipulated in the Financial Services Authority (OJK) Regulation No.42/2020, corporate actions classified as affiliated require the approval of independent shareholders, in which a quorum has been reached and approved by a majority of independent shareholders.
The separation of IndiHome in the context of implementing Fixed Mobile Convergence (FMC) is part of the company's "Five Bold Moves" main strategy for Telkom to support development of digital inclusion by increasing the reliability of wider and more equitable connectivity for the community. The synergy between IndiHome and Telkomsel, as the leader in the broadband business market, is expected to make it easier for the public to access a variety of digital services. Telkomsel will have a new growth engine that will strengthen the company's future performance.
From a business perspective, the integration of broadband services is expected to make the company's capital expenditure more efficient and able to create optimal value for all stakeholders.
In line with the Minister of State-Owned Enterprises' direction, Telkomsel in the future will focus on running the Business-to-Customer (B2C) business segment, while Telkom will focus on the Business-to-Business (B2B) segment. There is a huge market potential and there are still many companies and agencies that need digitalization support and it provides an opportunity for Telkom to become a big player in the B2B business segment.
"We thank the stakeholders for their support to Telkom to achieve the best performance and we appreciate your trust, especially in the company's efforts to transform. Approval of the FMC implementation is important in the company's transformation to create optimal value for both the company and customers, communities, shareholders and the government. In addition, this integration is in line with Telkom's focus to become a player and leader in the B2B business market," Telkom President Director Ririek Adriansyah said. With the approval of independent shareholders, the IndiHome integration process with Telkomsel is expected to complete at the beginning of the third quarter of 2023.
The Company Distributed 16.6 Trillion Rupiah Dividends
On the same occasion, the AGSM also approved the distribution of 16.6 trillion rupiah dividends or 80% of the net profit for the 2022 financial year. The company's dividends grew 11.7% from the previous year. Meanwhile, the remaining 20% or 4.2 trillion rupiah in net profit is allocated as retained earnings.
The dividend of 167.6 rupiah per share will be paid no later than 5 July, 2023 for shareholders who are registered in the Company's Register of Shareholders at the close of trading on 13 June, 2023.
Throughout 2022, Telkom posted consolidated 147.31 trillion rupiah in revenue or grew by 2.9% compared to the same period last year. The company's EBITDA was recorded at 78.99 trillion rupiah or grew 4.3% year-on-year with a net operating profit of 25.86 trillion rupiah or grew 7.7% year-on-year.
The AGSM also approved changes to the composition of the management of the Company's Board of Commissioners and Board of Directors. The change in the composition of the company is expected to contribute to the company's improved performance and to the success of Telkom's ongoing transformation.
The composition of the Board of Commissioners and the Board of Directors as a result of the 2022 AGSM is as follows:
Board of Commissioners
Main Commissioner/Independent Commissioner : Bambang Permadi Soemantri Brodjonegoro
Independent Commissioner : Wawan Iriawan
Independent Commissioner : Bono Daru Adji
Independent Commissioner : Abdi Negara Nurdin
Commissioner : Arya Mahendra Sinulingga
Commissioner : Marcelino Pandin
Commissioner : Ismail
Commissioner : Rizal Mallarangeng
Commissioner : Isa Rachmatarwata
Commissioner : Silmy Karim
Board of Directors
Main Director : Ririek Adriansyah
Enterprise & Business Service Director : FM Venusiana R
Digital Business Director : Muhamad Fajrin Rasyid
Director of Human Capital Management : Afriwandi
Director of Finance & Risk Management : Heri Supriadi
Network & IT Solution Director : Herlan Wijanarko
Portfolio Strategy Director : Budi Setyawan Wijaya
Wholesale & International Service Director : Bogi Witjaksono
Director of Group Business Development : Honesti Basyir