Telkom Has Been Listed For 25 Years On The IDX And The New York Stock Exchange

Indonesian SOE Minister Erick Thohir (center), President Director of the Indonesia Stock Exchange Inarno Djajadi (left), and Telkom President Director Ririek Adriansyah (right) in Jakarta, Thursday 19 November. (Photo: Telkom)

JAKARTA - PT Telekomunikasi Indonesia (Persero) Tbk (Telkom) has passed 25 years of dual listing on the Indonesia Stock Exchange (IDX) and the New York Stock Exchange (NYSE). On November 14, 1995, Telkom made its initial public offering (IPO) not only on the Indonesian stock exchange but also on the international stock exchange in the United States.

Located at the Telkom Landmark Tower, Telkom held the 25th Telkom IPO Anniversary which was attended by the Minister of BUMN, Erick Thohir, Deputy Commissioner for Capital Market Supervision I of the Financial Services Authority, Djustini Septiana, President Director of the Indonesia Stock Exchange Inarno Djajadi, President Commissioner of Telkom Rhenald Kasali, President Director Pos Indonesia Faizal R. Djoemadi and representatives from the Indonesian World Records Museum as well as actors in the history of Telkom's IPO.

In this event, the 25th IPO Telkom certificate was delivered from the President Director of the IDX and the inaugural edition of the Prisma 25th IPO of Telkom from the Director of Pos Indonesia to the President Director of Telkom. Then the prism stamps were handed over to historical actors who played a role in Telkom's IPO.

Telkom also received a MURI record award certificate with the title "Indonesian Company as Issuer on 2 Longest Sustainable Domestic and Foreign Stock Exchanges".

Minister of BUMN RI, Erick Thohir in his speech said that Telkom is the largest company owned by BUMN in terms of infrastructure and which can encourage change. In current conditions, investors believe in companies that have long-term strategies and are able to adapt to changes, especially in the industry that Telkom is engaged in.

For this reason, Erick advised Telkom to continue to work consistently, maintain cohesiveness and continue to oversee the transformation in order to achieve a higher market capitalization.

President Director of Telkom, Ririek Adriansyah, said that being a dual-listing company shows his commitment to compliance with the prevailing laws and regulations in accordance with the spirit of good corporate governance, which also shows credibility as a public company.

"During the last 25 years listed on the IDX and NYSE, Telkom's shares have been able to provide a market capitalization that continues to grow up to 12 times and has carried out two stock splits in 2004 and 2013," said Ririek in Jakarta, Thursday, November 19.

Ririek added, as a form of gratitude, Telkom interpreted Telkom's 25th IPO Anniversary by holding two CSR programs which on this occasion also carried out the handover of assistance for the two CSR programs.

First, assistance for Simego Village, which is a pilot project for the 3T Region Internet Access Provision Program through Mangoesky VSAT technology. In the future, as many as 241 villages in 26 provinces throughout Indonesia will receive a similar program that can access the internet like people in urban areas.

Second, the 2020 Millennial Wirakriya Program, which is a webinar training for 1,000 millennial entrepreneur candidates who are in five of Indonesia's top priority tourist destinations, namely Borobudur, Lake Toba, Likupang, Labuan Bajo, and Mandalika.

With a total aid of more than Rp10 billion, these two CSR programs are a form of Telkom's presence in realizing equitable internet access and supporting the government in making efforts to accelerate the national economy. Assistance was handed over to beneficiaries from their respective locations, witnessed by the Minister of BUMN via video conference.

"The 25th anniversary of this IPO is a new motivation for Telkom to continue to provide the best not only in terms of company performance but also to accelerate it to become the community's main choice of digital telco in line with the changing industrial landscape," concluded Ririek.