Telecom Prepare Buyback Acceleration to Support Long Term Value

The Indonesian TELCom (brasero) Tbk (TELKIS) sets up a move to accelerate the purchase program for the maximum Rp4 trillion approved Rp4 trillion in the JupST Shareholders General Meeting (RUPST) on June 8, 2026.

The program is still in its 12-month approved period, which is since June 9, 2026, June 8, 2027. As per October 19, 2026, the remaining allocation of the buyback has been approved still more than Rp3 trillion.

The acceleration of this planned execution was part of a Telecom capital allocation strategy to support the creation of long-term value for shareholders.

The timing and buyout of the purchase is considering the market conditions, the Perseroan cash positions, and the operational and investment needs to apply.

Main Director Telecom, Nanang Hendarno, says the buyback execution evaluation is done by staying in the face of capital allocation discipline, in accordance with the belief management against solid fundamental business and long-term prospects of Perseroan.

"We believe Tellom has a fundamental strong business and long-term growth potential. The buyback establishment is one of the forms of our belief in the Perseroan value, as the TelkomGroup transforms through the TLKM 30 strategy directed to optimize the business potential and increase the company value," Nanang value in official information, Tuesday (20 / 10).

Meanwhile, the Director of Finance and Risk Management of Angelo explained the execution of the buyback remains considering capital allocation priorities and solid Perseroan cash flow capabilities.

The buyback program is funded from the Perseroan internal cash. It pays attention to liquidity needs as well as capital allocation priorities to maintain financial flexibility.

"The buyback establishment is part of a capital allocation decision that we consider disciplinally, by looking at the fundamental faculties and business prospects ahead."

"We make sure that every decision of capital use remains in line with the strategic priority of TelkomGroup, as well as maintaining Perseroan's financial health to support continued growth," Angelo said to add.

In the course of the Telecom transition to Strategic Holding with the model Holding-Operating Company (HoldCo-OpCo), Telecom continues to accelerate the setting of portfolio and efficiency to strengthen operational performance.

This initiative is also directed to strengthen the EBITDA margins and support sustainable business growth as the foundation of creating value for shareholders.