Telkom provides USD28m shareholder loan to satellite division

24 Mar 2022

Telkom Indonesia has reportedly carried out an affiliate transaction by disbursing a shareholder loan of IDR397 billion (USD28 million) to its 99.99%-owned subsidiary, Telkom Satellite Indonesia (Telkomsat). IndoTelko cites the telco’s director of finance and risk management Heri Supriadi as saying that the loan was designed to help Telkomsat’s business development, and follows earlier loans worth a combined IDR132 billion.

Indonesia, Telkom Indonesia