Business Context and Reporting Period
Company: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (Telkom Indonesia)
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Date: December 15, 2025
Subject: Plan to buy back shares to comply with Article 62 of the Indonesian Company Law following shareholder dissent regarding a partial spin-off of the Wholesale Fiber Connectivity Business and Assets to PT Telkom Infrastruktur Indonesia (TIF).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This document is a disclosure of a specific corporate action rather than a financial performance report.
Buyback Price: Rp3,090 per share (calculated as the average closing price on the Indonesia Stock Exchange for the 90 calendar days prior to the October 21, 2025 announcement).
Buyback Limit: Total nominal value of repurchased shares shall not exceed 10% of the Company's issued capital.
Material Changes and Corporate Actions
- Spin-Off Approval: On December 12, 2025, the Extraordinary General Meeting of Shareholders (EGMS) approved the partial spin-off of the Wholesale Fiber Connectivity Business and Assets (Phase-1) to subsidiary PT Telkom Infrastruktur Indonesia (TIF).
- Shareholder Dissent: Some shareholders voted against the spin-off resolution, triggering their statutory right to request a share buyback under Article 62 of the Company Law.
- Eligibility: Only public shareholders recorded on November 19, 2025, who attended the EGMS, voted against the spin-off, and submitted a formal request are eligible.
Outlook, Procedures, and Risks
Management Commentary: The Company believes the share buyback will not cause any material negative impacts on its business activities.
Procedures and Timeline:
- Submission Deadline: Shareholders must submit the Statement of Sale of Shares Form by 17:00 on December 16, 2025.
- Instruction Period: Shareholders must input the "TEND" instruction via C-BEST (selecting CASH option) between December 15 and December 16, 2025, to block shares for corporate action.
- Payment Date: Payment will be made at the earliest of 3 working days after the issuance of the ratification decree by the Ministry of Law and Human Rights (MOLHR) on the Deed of Asset Spin-Off.
- Effective Date of Spin-Off: Estimated for January 1, 2026.
Risks and Contingencies: Applicants bear their own commissions, transaction fees, and applicable taxes. Shares blocked for corporate action cannot be transferred until the end of the intention period unless cancelled.
Investor Verification Checklist
- Verify eligibility: Confirm share ownership on November 19, 2025, and voting record against the spin-off at the December 12, 2025 EGMS.
- Confirm the buyback price of Rp3,090 per share and ensure it aligns with the 90-day average closing price prior to October 21, 2025.
- Monitor the issuance of the Ministry of Law and Human Rights (MOLHR) ratification decree, as this triggers the payment timeline.
- Ensure the "TEND" instruction is submitted via C-BEST by December 16, 2025, to avoid missing the buyback window.
- Review the impact of the spin-off on the Company's future asset base and revenue streams, as the Wholesale Fiber Connectivity Business is being transferred to TIF.