Telkom Accelerates Share Buyback, with Over Rp3 Trillion Remaining in the Allocation

The buyback is carried out taking into account market conditions, the company’s cash position, and its operational and investment requirements, in accordance with the applicable regulations.

Updated: Oct 20, 2026, 11:15 AM 2 min read deublitz newsroom

PT Telkom Indonesia (Persero) Tbk (Telkom) is accelerating the implementation of a share buyback programme worth up to Rp4 trillion, which was approved at the Annual General Meeting of Shareholders (AGM) on 8 June 2026.

As at 19 October 2026, the remaining allocation for the buyback programme still stood at over Rp3 trillion.

The buyback programme runs for 12 months, from 9 June 2026 to 8 June 2027. Its implementation is subject to market conditions, the company’s cash position, and operational and investment requirements in accordance with applicable regulations.

Telkom’s Chief Executive Officer, Nanang Hendarno, stated that the evaluation of the share buyback’s implementation prioritises capital allocation discipline. This step is based on management’s confidence in the company’s business fundamentals and long-term prospects.

“We believe Telkom has strong business fundamentals and long-term growth potential. The share buyback is a manifestation of our confidence in the Company’s value, in line with the TelkomGroup’s transformation through the TLKM 30 strategy, which is aimed at optimising business potential and enhancing corporate value,” said Nanang.

Meanwhile, Telkom’s Director of Finance and Risk Management, Angelo, added that the buyback is being carried out using the company’s internal funds, whilst taking operational needs into account to ensure financial stability is maintained.

“The share buyback is part of our capital allocation decisions, which we consider with discipline, taking into account the Company’s fundamentals and future business prospects. We ensure that every decision regarding the use of capital remains aligned with TelkomGroup’s strategic priorities, whilst maintaining the Company’s financial health so that it can support sustainable growth,” concluded Angelo.

In line with the transition towards a Strategic Holding structure under the Holding Company-Operating Company (HoldCo-OpCo) model, Telkom stated that it would continue to accelerate portfolio restructuring and efficiency measures to strengthen operational performance.

At the same time, this initiative is also aimed at strengthening the EBITDA margin and supporting sustainable business growth.