Paid-in Capital Of IDR 2.59 Trillion, Telkom Changes TelkomSigma's Status From Cucu Usaha To Subsidiary

JAKARTA - The status of PT Sigma Cipta Caraka (TelkomSigma) will soon change from a grandchild to a direct subsidiary of PT Telekomunikasi Indonesia (Persero) Tbk (TLKM). This status change occurred after Telkom took over TelkomSigma's shares from PT Multimedia Nusantara (TelkomMetra).

As stated by Telkom's Director of Strategic Portfolio Budi Setyawan Wijaya in the disclosure of information to the Indonesia Stock Exchange (IDX), Monday 9 May.

Telkom took over TelkomSigma's shares by depositing Rp 2.59 trillion in cash. This amount is equivalent to 56.39 percent.

"So after this transaction, 56.39 percent of TelkomSigma's shares belong to Telkom and the remaining 43.61 percent to TelkomMetra," Budi wrote.

Budi explained that the takeover of TelkomSigma is a step to strengthen and transform TelkomSigma according to the strategic transformation plan which is part of the group strategy. In this case, TelkomSigma becomes a subsidiary of Telkom.

"This is also one of the strategic initiatives to accelerate TelkomSigma to become a B2B IT Digital Service Leader Company," Budi added.