Telkom-backed Telkomsel and Singtel to spin off IndiHome in a $3.9bn deal.

Telkom-backed Telkomsel, an internet services provider, and Singtel, a network services provider, to spin off IndiHome, a fixed broadband services provider, in a $3.9bn deal. “Telkomsel is enthusiastic about the achievement of the ongoing spin-off agreement process. Together with our shareholders, Telkom and Singtel, we believe that integrating IndiHome services will further strengthen Telkomsel's position in the telecommunications and digital industry in Indonesia while proving our commitment to advance and expand our business portfolio, especially in Fixed Mobile Convergence services. Telkomsel is committed to moving beyond expectations by providing cutting-edge products and services to our customers and consistently developing various integrated innovative services that can accelerate sustainable and inclusive digital access,” Hendri Mulya Syam, Telkomsel President Director.