PT Telekomunikasi Indonesia Approves Spin-Off of Wholesale Fiber Business
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PT Telekomunikasi Indonesia Tbk has approved a partial spin-off of its wholesale fiber connectivity business to its subsidiary, PT Telkom Infrastruktur Indonesia. This move, decided in an Extraordinary General Meeting of Shareholders, is part of a strategy to transfer the entire business to the subsidiary, aiming to strengthen infrastructure and market position. Analysts rate TLK stock as a Buy with a $23.50 target, noting strong financials but concerns over revenue growth.
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