Telkom Completes Share Buyback, Spending Rp36.54 Billion

Jakarta, CNBC Indonesia — Telecommunications issuer PT Telkom Indonesia (Persero) Tbk (TLKM) has reported completing a share buyback with a gross value of Rp36.54 billion.

According to the company’s disclosure, Telkom bought back 15,956,199 shares at Rp2,290 per share. Payment for the buyback was made on 20 October 2026.

“The gross value of the share buyback is Rp36,539,695,710. Settlement to eligible shareholders (the Settlement Date) was completed on 20 October 2026,” the company said in a disclosure to the Indonesia Stock Exchange, quoted on Friday, 23 October 2026.

The corporate action is connected to a plan to spin off part of the Wholesale Fiber Connectivity business, Phase 2, to PT Telkom Infrastruktur Indonesia. Telkom owns 99.99% of the subsidiary directly.

The planned spin-off is one of the agenda items for Telkom’s 2026 Extraordinary General Meeting of Shareholders (EGMS).

Telkom said the deadline for submitting an intention to sell shares as part of the buyback under Article 62 of the Company Law expired at 5pm Western Indonesian Time on 5 October 2026. The company had previously announced the deadline in a disclosure on 2 October 2026.

Following the news, Telkom shares were unchanged at Rp2,200. Its market capitalisation stood at Rp218.93 trillion.