Recent Updates — TLK
PT Telekomunikasi Indonesia Tbk reported a consolidated profit of Rp19,462 billion (approximately $1.2 billion) for the nine-month period ended September 30, 2026, down from Rp19,842 billion in the same period last year. Revenues increased to Rp113,502 billion from Rp109,617 billion, driven by higher operational activity despite rising costs. The company declared a cash dividend of Rp21,999 billion attributable to parent owners and Rp6,559 billion to non-controlling interests during the period. PT Telekomunikasi Indonesia Tbk is Indonesia's largest telecommunications provider, offering mobile, fixed-line, internet, and digital services.
PT Telkom Indonesia (Persero) Tbk completed a share buyback of 15,956,199 shares at Rp2,290 per share, totaling approximately Rp36.54 billion. The repurchase fulfilled appraisal rights under Article 62 of the Indonesian Company Law for shareholders who voted against the partial spin-off of its Wholesale Fiber Connectivity Business (Phase 2) to subsidiary PT Telkom Infrastruktur Indonesia. Settlement occurred on October 20, 2026. The company states this transaction will not have a material adverse impact on business continuity. PT Telkom Indonesia is a leading telecommunications provider in Indonesia.
Following an Extraordinary General Meeting on September 30, 2026, PT Telkom Indonesia announced a share repurchase program for shareholders who voted against the partial spin-off of its Wholesale Fiber Connectivity Business Phase 2 to PT Telkom Infrastruktur Indonesia. Eligible public shareholders may request the company purchase their shares at Rp2,290 per share, based on the closing price on the meeting date. The intention to sell period runs until October 5, 2026, with payment expected within seven business days of regulatory approval for the spin-off's capital increase. This corporate action allows dissenting shareholders to exit their investment at a fair value determined by market pricing at the time of the strategic restructuring decision. PT Telkom Indonesia operates as a leading telecommunications provider in Indonesia.
PT Telekomunikasi Indonesia Tbk held an Extraordinary General Meeting of Shareholders on September 30, 2026, where shareholders approved a partial spin-off of the wholesale fiber connectivity business (Phase 2) to subsidiary PT Telkom Infrastruktur Indonesia. The resolution passed with 99.19% approval. The meeting also resulted in significant management changes: President Director Dian Siswarini and Director Faizal Rochmad Djoejadi were dismissed, while Nanang Hendarno was promoted to President Director. New appointments included Radita Ali Putra as Director of Wholesale & International Service and Kharim I. G. Siregar as Director of IT Digital. PT Telkom Indonesia Tbk operates in the telecommunications industry.