Telkom's AGMS Approves The Distribution Of IDR 15.26 Trillion Dividends

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) which was held in Jakarta on Friday 19 June approved the distribution of dividends amounting to Rp15.26 trillion. The dividend represents 81.78 percent of Telkom's net profit in 2019.

The details, 60 percent or Rp.11.20 trillion are cash dividends, and 21.78 percent or Rp4.06 trillion are special dividends. Meanwhile, the remaining 18.22 percent or IDR 3.40 trillion is retained earnings.

Cash dividends and special dividends for the 2019 Fiscal Year will be paid simultaneously no later than 23 July 2020. Those who are entitled to receive cash dividends and special dividends are shareholders whose names are registered in the Company's Shareholders Register as of 1 July 2020 until 16.15 WIB.

Telkom posted a net profit of IDR 18.66 trillion throughout 2019. This net profit was generated from Telkom's revenue in 2019 which reached IDR 135.57 trillion or grew 3.7 percent compared to the previous year.

Telkomsel and IndiHome's digital business which grew significantly became the main contributor to Telkom's revenue growth. Telkom's digital business currently has a fairly high growth rate, which is nearly 30 percent.

There are various digital services that are categorized into digital platforms and digital services for both B2B and B2C such as videos, games, music, advertising and so on, to meet the needs of customers.

Therefore, Telkom believes that digital business will be a source of growth for the company in the future. This is also to strengthen steps to become a digital telecommunications company, where digital platform and digital services are the differentiating factors and added value of digital connectivity, which is currently the company's main competence.

President Director of Telkom, Ririek Adriansyah, said that Telkom is on the right path to become a Digital Telecommunication Company and is committed to strengthening its digital business capabilities.

"To strengthen steps as a digital telco in order to meet customer needs and provide the best digital experience for customers and the Indonesian people, in 2020 Telkom will focus on three business domains, namely digital connectivity, digital platforms and digital services," said Ririek.

Ririek added, Telkom continues to strengthen its position as a market leader in the digital connectivity domain by presenting quality services with the widest range. Telkom also accelerates the digital platform by developing data center & cloud services at an early stage to then provide a smart platform on it as an enabler for various ICT services and solutions.

Furthermore, digital service products will be developed selectively, including through acquisitions or partnerships, supported synergistically by the digital platform and digital connectivity that has been built so that customers get the best experience.

In addition, since 2019 Telkom has made changes to business policies by focusing on business lines that have recurring higher profitability, especially on enterprise solutions services such as enterprise connectivity, data centers and cloud, and selectively reducing and not prioritizing business solutions. which has a relatively low level of margins and is non-recurring.

"We are optimistic that this step will enable the Company to grow healthier and more profitable," added Ririek.

The AGMS also approved changes to the composition of the Company's Board of Commissioners and Board of Directors. The composition of the Board of Commissioners and Board of Directors as a result of the 2019 AGMS are as follows:

Board of Directors

President Director: Ririek Adriansyah

Wholesale & International Service Director: Dian Rachmawan

Director of Human Capital Management: Afriwandi

Finance Director: Heri Supriadi

Director of Consumer Service: FM Venusiana R

Director of Enterprise & Business Service: Edi Witjara

Director of Network & IT Solution: Herlan Wijanarko

Digital Business Director: Muhammad Fajrin Rasyid

Director of Strategic Portfolio: Budi Setyawan Wijaya

board of Commissioners

President Commissioner: Rhenald Kasali

Independent Commissioner: Marsudi Wahyu Kisworo

Independent Commissioner: Ahmad fjmri Assegaf

Independent Commissioner: Wawan Iriawan

Independent Commissioner: Candra Arie Setiawan

Commissioner: Marcelino Pandin

Commissioner: Ismail

Commissioner: Alex Denni

Commissioner: Rizal Mallarangeng