Telkom completes Rp36.54 billion share buyback
The repurchase is linked to a proposed partial separation of its Wholesale Fiber Connectivity business into a subsidiary.
PT Telkom Indonesia (Persero) Tbk has reported buying back 15,956,199 shares at Rp2,290 each, with payment settled on 20 October 2026. The company disclosed a gross repurchase value of Rp36,539,695,710 in a stock exchange filing cited on 23 October 2026.
The transaction relates to a plan for the second-phase separation of part of Telkom’s Wholesale Fiber Connectivity business into PT Telkom Infrastruktur Indonesia. Telkom directly owns 99.99 per cent of that subsidiary.
The proposed business separation was among the agenda items for Telkom’s 2026 extraordinary general meeting of shareholders.
According to Telkom, shareholders had until 17:00 WIB on 5 October 2026 to declare their intention to sell shares under the buyback pursuant to Article 62 of the Company Law. The company had notified shareholders of that deadline in a disclosure dated 2 October 2026.
Telkom shares were unchanged at Rp2,200 when the repurchase was reported, while its market capitalisation stood at Rp218.93 trillion.
