Telkom Indonesia streamlines 50 entities and Zacks rates Telkom Indonesia stock Hold

Published on 10/16/2026 at 11:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Telkom completed 24 streamlining steps by June 30, 2026. For Telkom Indonesia stock, first-half revenue rose 3.9 percent to IDR 75.9 trillion.

Portfolio changes and results

Telkom Indonesia outlined a 50-entity streamlining plan on October 12, 2026.
First-half 2026 revenue rose 3.9 percent to IDR 75.9 trillion.
Telkom Indonesia had a USD 12.6 billion market capitalization as of October 14, 2026.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia said on October 12, 2026, that it was accelerating a program covering 50 group entities, while MarketBeat reported on October 10, 2026, that Zacks Research had upgraded the stock from Strong Sell to Hold. The two developments frame Telkom Indonesia stock around execution and earnings resilience.

Streamlining reaches 24 entities

According to the company's October 12, 2026 release, Telkom had completed 24 of the 50 streamlining steps by the end of the first half of 2026. The remaining 26 entities were still being reviewed as part of a shift toward four main business segments: business-to-consumer, business-to-business infrastructure, business-to-business information and communications technology, and international operations.

The company said the restructuring is intended to reduce overlapping activities and sharpen capital allocation. It also linked the program to a 2030 valuation ambition of more than IDR 550 trillion, while stating that second-quarter 2026 consolidated earnings before interest, taxes, depreciation and amortization margin rose above 50 percent.

Three milestones define the transition

The recent chronology is clear. On September 30, 2026, Telkom disclosed an InfraCo spin-off transaction covering IDR 85.7 trillion of assets, according to its official release. On October 7, 2026, POEMS described first-half 2026 revenue of IDR 75.9 trillion, up 3.9 percent year over year. On October 12, 2026, Telkom reported 24 completed streamlining steps out of 50.

What does the 50-entity plan mean?

The immediate test is whether the 26 remaining reviews translate into measurable efficiency rather than another layer of corporate change. POEMS reported first-half 2026 EBITDA of IDR 37.5 trillion and a 49.4 percent margin, giving investors a concrete benchmark for the promised improvement.

The analyst picture is mixed. MarketBeat said Zacks Research moved its rating from Strong Sell to Hold on October 10, 2026, while its cited consensus remained Reduce.

Results date sets the next test

Quanteia lists October 29, 2026, as the next earnings date. That report should show whether the 49.4 percent first-half EBITDA margin and 3.9 percent revenue growth are holding into the second half.

Valuation meets the reporting calendar

Telkom Indonesia had a USD 12.6 billion market capitalization as of October 14, 2026. Its reported 52-week range was USD 12.38 to USD 23.51 on October 10, 2026, leaving the restructuring story dependent on operating results rather than presentation alone. The further course of trading is shown by the continuously updated real-time quote of Telkom Indonesia stock.