GoTo Ambles Shares Are At Rp57 Level, Telkom Boss Opens Voice

JAKARTA - Shares of PT GoTo Gojek Tokopedia Tbk (GoTo) have recently been under pressure. In fact, the value has touched the level of IDR 57 in today's trading, Thursday, October 26.

PT Telkom Indonesia (Persero) Tbk (TLKM) is one of the investors from GoTo.

The movement of GoTo shares will be recorded in Telkom's financial statements.

President Director of Telkom Indonesia, Ririek Adriansyah, admitted that the decline in GoTo's share value had an impact on Telkom's finances.

Even so, Ririek emphasized that Telkom's operational performance would not be disrupted.

"So actually, if you account, the increase in stock prices will be influential, but not in operation," said Ririek at the BUMN Ngopi event at the Ministry of SOEs office, Jakarta, Thursday, October 26.

Ririek said that from the start Telkom did not only pursue profits or capital gains from investing in GoTo.

He said the investment was more focused on quantizing the synergy between GoTo and Telkom.

"But actually behind that is what we prioritize is the synergy," said Ririek.

"So the synergy with this continues to grow, from last year to this year it was around 25 percent of the synergy," he continued.

For your information, Telkom has started investing in GoTo since May 18, 2023.

At that time, Telkom ordered 29,708 shares of the GoTo conversion worth 150 million US dollars or equivalent to Rp2.1 trillion.

Then, Telkom's subsidiary, Telkomsel Nuga, ordered 59,417 additional shares of the option to purchase shares worth 300 million US dollars or equivalent to Rp4.29 trillion.

Based on the deed on October 19, 2021, GoTo conducted a stock split and changed the number of Telkomsel's share ownership to 23.72 billion shares.

That way, Telkom's total investment in GoTo will reach US$450 million or equivalent to Rp. 6.4 trillion.