Telkom Indonesia appoints new CEO. Telkom Indonesia stock gains 2.20 percent.

Published on 10/07/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached IDR 75.90 trillion in the first half of 2026, up 3.90 percent. Telkom Indonesia stock costs EUR 11.60 on October 7, 2026 after EUR 11.35.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia (ISIN US7156841063) was trading at EUR 11.60 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, up 2.20 percent versus the prior close of EUR 11.35. According to Telkom Indonesia on September 30, 2026, shareholders approved the InfraCo spin-off and appointed Nanang Hendarno as president director.

Infrastructure gets a new structure

The transaction separates Telkom's wholesale fiber connectivity assets into InfraNexia, an operating company intended to support the group's shift from an operating holding to a strategic holding. Telkom said more than 90.00 percent of its network infrastructure assets were consolidated into InfraNexia on September 30, 2026.

The official release puts the combined network at 112,000 kilometers of fiber, including 26,000 kilometers of domestic submarine cable, with a transaction value of IDR 85.70 trillion. For investors, the key issue is whether the new structure can lift external demand in Telkom's business-to-business infrastructure segment rather than merely rearrange assets.

First-half growth supports the plan

Liputan6 reported on September 22, 2026 that consolidated revenue reached IDR 75.90 trillion in the first half of 2026, up 3.90 percent year on year. Net income rose 1.40 percent to IDR 10.60 trillion, while normalized net income increased 6.20 percent to IDR 11.30 trillion.

EBITDA rose 3.80 percent to IDR 37.50 trillion, producing a 49.40 percent margin in the first half of 2026. Telkom retained its 2026 outlook for normalized revenue growth of 1.00 to 3.00 percent and an EBITDA margin above 50.00 percent, giving the infrastructure reorganization a stated operating target.

Stock reaction and valuation context

The Lang & Schwarz move of plus 2.20 percent places the euro quote above the prior close by EUR 0.25. The primary US listing is on the NYSE, where the October 6, 2026 quote context showed a market capitalization of USD 12.70 billion and a 52-week range of USD 12.38 to USD 23.52.

That market backdrop leaves the new management team with two measurable tasks: convert the enlarged fiber platform into external business and keep revenue growth within the 2026 target while restoring the EBITDA margin above 50.00 percent. The latest first-half figures show positive year-on-year comparisons, but the margin remained below the stated full-year threshold.

Telkom Indonesia stock gains on October 7

Telkom Indonesia stock was trading at EUR 11.60 at Lang & Schwarz on October 7, 2026 at 10:32 a.m. CEST, plus 2.20 percent versus the prior close of EUR 11.35. The further course of trading is shown by the continuously updated real-time quote of Telkom Indonesia stock.