PT Telekomunikasi Indonesia Tbk Announces Spin-Off of Wholesale Fiber Business

Tip Ranks
2025.12.10 18:57
portai
I'm PortAI, I can summarize articles.

PT Telekomunikasi Indonesia Tbk (TLK) announced a spin-off of its Wholesale Fiber Connectivity Business to its subsidiary, PT Telkom Infrastruktur Indonesia (TIF). The transaction exceeds 20% of the company's equity. A General Meeting of Shareholders is scheduled for December 12, 2025, to approve the plan. Analysts rate TLK stock as a Buy with a $23.50 price target. TipRanks’ AI Analyst, Spark, rates TLK as Outperform with a strong financial performance and positive market trend, despite concerns over revenue growth.