Telkom Moves $4.8B Network Base to InfraNexia Wholesale Unit
Light Reading covered Telkom Indonesia’s final InfraNexia transfer, which puts more than 90% of the operator’s network assets into a wholesale infrastructure subsidiary while Telkom keeps 99.9% ownership and seeks broader use of underused fiber.
Telkom Indonesia has moved IDR85.7 trillion, or about $4.8 billion, of network assets into InfraNexia, Light Reading covered, giving the state-backed operator a wholesale infrastructure company that is still almost entirely under its control.
The second and final transfer carried IDR49.9 trillion, or about $2.8 billion, of remaining infrastructure assets into InfraNexia.
A first phase in January placed half of Telkom's fiber assets in the subsidiary, and the completed structure leaves InfraNexia holding more than 90% of the group's total network assets.
That split changes the role of infrastructure inside the group.
Fiber, backbone links and supporting systems can be managed as a wholesale platform rather than as assets mainly serving Telkom's own retail and mobile businesses.
Telkom still keeps a 99.9% ownership stake, so the transaction is not a sale of control; it is a reorganization intended to make the network easier to commercialize.
The asset base is substantial enough to matter for Indonesia's connectivity market.
Light Reading's account puts InfraNexia's portfolio at about 112,000 kilometers of fiber, including 26,000 kilometers of domestic submarine cable systems across the archipelago.
For mobile operators, cloud providers and data-center developers, national reach and island-to-island capacity are practical constraints rather than background infrastructure.
The utilisation gap explains why the spinoff carries more than accounting significance.
Telkom's wholesale fiber capacity had been only about 40% used, largely by mobile subsidiary Telkomsel.
InfraNexia is meant to push those assets into a wider market for 5G backhaul, wholesale network services, FTTx connectivity and passive infrastructure sharing.
InfraNexia president director Lukman Hakim Abd.
Rauf said the completed integration would support AI, cloud and data-center growth in Indonesia, with network modernization and autonomous-network work also part of the plan.
The service list gives the new unit a route into demand that sits beyond traditional carrier traffic, where data centres and cloud workloads need dense domestic transport as well as last-mile access.
Telkom president director Dian Siswarini linked the transaction to the company's TLKM 30 transformation strategy and its "unlock value" pillar, which covers data centres, towers and fiber networks.
The strategy treats infrastructure as a monetizable portfolio, but the retained ownership shows that Telkom wants the upside without turning the network into an independent outsider.
InfraNexia's disclosed task is to lift utilisation beyond the roughly 40% level by selling 5G backhaul, wholesale network, FTTx and passive-infrastructure services beyond Telkomsel.
Telkom's 99.9% ownership means the unit must do that while presenting itself as a neutral provider to customers that may compete with other group businesses.
No new wholesale customers or pricing terms were disclosed with the transfer.
