Business context and reporting period
PT Telekomunikasi Indonesia Tbk filed this Form 6-K on October 2, 2026, to disclose a planned share buyback related to the Phase 2 partial spin-off of its Wholesale Fiber Connectivity business to PT Telkom Infrastruktur Indonesia (TIF), a subsidiary in which Telkom directly owns 99.99%.
Telkom’s September 30, 2026 extraordinary general meeting of shareholders (EGMS) approved the spin-off. The filing gives October 1, 2026 as its estimated effective date.
Financial and transaction details
- Buyback price: Rp2,290 per share, based on Telkom’s closing share price on September 30, 2026.
- Eligible shareholders: Public shareholders meeting the stated ownership, attendance, voting, and application requirements. They must have been registered as of September 7, 2026, attended the EGMS, voted against the spin-off resolution, submitted the required sale declaration, and provided proof of ownership.
- Application deadline: October 5, 2026. Applicants must submit the sale form to the appointed securities administration bureau and instruct their securities company or custodian bank to enter the required TEND instruction through KSEI.
- Payment timing: The company says payment will be made no earlier than the point described as “the earliest of 7 business days after” Ministry of Law approval of TIF’s capital increase related to the spin-off. The filing does not provide a calendar payment date.
- Costs: Net proceeds will be reduced by applicable commissions, exchange transaction fees, taxes, and other fees, which are borne by participating shareholders.
- Buyback constraints: Under the cited Indonesian company law, the buyback must not reduce net assets below issued capital plus mandatory reserves, and the total nominal value of repurchased shares may not exceed 10% of issued capital.
The filing does not state the number of shares expected to be tendered, a maximum buyback amount, or a total estimated cash cost. It contains no revenue, earnings, cash flow, margin, debt, or liquidity figures.
Changes, outlook, and risks
The disclosure concerns a shareholder right triggered by the approved spin-off; it is not an announcement of a general-market repurchase program. Telkom states that it believes the buyback will not have a material negative impact on its business activities. The filing does not provide a quantified financial impact or further operating guidance.
Participation depends on meeting the eligibility and submission requirements, and the payment date depends on Ministry of Law approval. Shares subject to the required instruction are blocked from transfer during the specified process, subject to the stated cancellation procedures.
Important facts for investors to verify
- Whether the spin-off became effective on the estimated October 1, 2026 date and whether the Ministry of Law approved TIF’s related capital increase.
- The final number of eligible shareholders and shares tendered, and the resulting total buyback cost.
- The confirmed payment date and net proceeds after applicable fees and taxes.
- Whether the buyback complies with the stated net-asset and 10% nominal-value limits.