Business Context and Reporting Period
This Form 6-K filing by Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom) covers the period ending September 24, 2018. Telkom is Indonesia's largest telecommunications and network provider, offering fixed wireline, cellular, internet, and multimedia services under its TIMES portfolio. The company is listed on the Indonesia Stock Exchange (IDX) and the New York Stock Exchange (NYSE).
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a regulatory disclosure regarding corporate governance and does not contain financial performance data.
Material Changes
The primary material change disclosed is the termination of Dolfie Othniel Fredric Palit's position as Independent Commissioner. This change occurred on September 20, 2018, following his inclusion in the Final Candidate List for the House of Representatives in the 2019 Indonesia General Election. The resignation is mandated by Indonesian regulations prohibiting dual occupation for state-owned enterprise commissioners running for legislative office.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary on business performance. The disclosed risk relates to corporate governance compliance with Government Regulation No. 32 Year 2018 and Telkom's Articles of Association regarding election candidacy. The ratification of the commissioner's departure is scheduled for the Company's nearest Annual General Meeting of Shareholders (AGMS).
Key Facts for Investor Verification
- Dolfie Othniel Fredric Palit is no longer serving as an Independent Commissioner as of September 20, 2018.
- The resignation is due to his candidacy in the 2019 Indonesia General Election.
- Formal ratification of the vacancy will occur at the next AGMS.
- No financial results or operational metrics are included in this specific filing.