Telkom Prepares for Rp4 Trillion Share Buyback

PT Telekomunikasi Indonesia (Persero) Tbk. (TLKM) has announced plans to conduct a share buyback of up to Rp4 trillion. In an official disclosure, Telkom stated the corporate action is intended to strengthen investor confidence in the company’s share prospects. “Through this Share Buyback Programme, the Company aims to reinforce confidence in its long-term value and prospects. This step is taken as an effort to maintain harmony between market conditions and the Company’s fundamentals, as well as to preserve the trust of stakeholders in the Company’s endeavours to support sustainable growth,” Telkom’s management explained in the disclosure. The buyback may be carried out through the stock exchange or off-market, either in stages or all at once, and must be completed within 12 months following the General Meeting of Shareholders (RUPS) that approves the action. Telkom’s RUPS is scheduled for 8 June 2026. The buyback execution of up to Rp4 trillion will utilise the Company’s internal cash, inclusive of transaction costs, broker commissions, and other related expenses. In accordance with prevailing regulations, the number of shares repurchased will not exceed 10% of the Company’s total issued and paid-up capital. Telkom’s management stated that the buyback execution will also consider the Company’s liquidity and capital conditions, along with applicable laws and regulations. “The Company will not conduct a Share Buyback if it would result in a reduction of shares to a certain level that could significantly diminish share liquidity on the stock exchange,” management added. Furthermore, Telkom stated that the company’s free float shares post-buyback will not fall below 15% of total listed shares, in compliance with regulatory requirements.