Jakarta - PT Telkom Indonesia Tbk (TLKM) provided a loan facility to its subsidiary, PT Telkom Satelit Indonesia (Telkomsat) worth Rp397 billion.

"This shareholder loan is for funding Telkomsat's business development," said Telkom's Director of Finance and Risk Management, Heri Supriadi, in information disclosure on Wednesday (3/23).

This transaction has gone through the procedures for affiliate transactions and conflict of interest transactions. Telkom's ownership in Telkomsat is 99.99%.