Telkom Accelerates Rp4 Trillion Share Buyback: The Strategy Behind the Move
Jakarta – PT Telkom Indonesia (Persero) Tbk (Telkom) is preparing to accelerate its share buyback programme, worth up to Rp4 trillion, which was approved at its Annual General Meeting of Shareholders on 8 June 2026.
The programme remains within the approved 12-month period, from 9 June 2026 to 8 June 2027. As of 19 October 2026, more than Rp3 trillion of the approved buyback allocation remained available.
The planned acceleration is part of Telkom’s capital-allocation strategy to support long-term value creation for shareholders. The timing and scale of purchases will take into account market conditions, the company’s cash position, and operational and investment requirements, in accordance with applicable regulations.
Telkom President Director Nanang Hendarno said the buyback was being reviewed with capital-allocation discipline in mind, reflecting management’s confidence in the company’s solid business fundamentals and long-term prospects.
“We believe Telkom has strong business fundamentals and long-term growth potential. The buyback is one way of demonstrating our confidence in the company’s value, alongside the TelkomGroup transformation through the TLKM 30 strategy, which is intended to optimise business potential and increase corporate value,” Nanang said.
Telkom Finance and Risk Management Director Angelo said the buyback would also take into account capital-allocation priorities and the company’s strong cash flow capacity.
The programme is being funded from the company’s internal cash. Its implementation will consider liquidity needs and capital-allocation priorities in order to preserve financial flexibility.
“The buyback is part of a capital-allocation decision that we assess with discipline, taking into account the company’s fundamentals and future business prospects. We will ensure that every decision on the use of capital remains aligned with TelkomGroup’s strategic priorities, while maintaining the company’s financial health so that it can support sustainable growth,” Angelo said.
As Telkom transitions towards a Strategic Holding model based on a Holding Company–Operating Company (HoldCo–OpCo) structure, it is accelerating portfolio realignment and efficiency measures to strengthen operational performance.
These initiatives are also intended to strengthen the EBITDA margin and support sustainable business growth, laying the foundation for shareholder value creation.