Telkom Indonesia Begins First Phase of Wholesale Fiber Business Spin-Off to Infrastructure Subsidiary

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialThe latest announcement is out from PT Telekomunikasi Indonesia Tbk ( (TLK) ). On December 18, 2025, PT Telekomunikasi Indonesia Tbk signed a decree to spin off part of its wholesale fiber connectivity business and related assets into its subsidiary PT Telkom Infrastruktur Indonesia (TIF), marking Phase 1 of a broader plan to transfer its entire wholesale fiber connectivity business to TIF, as previously approved by an extraordinary general meeting of shareholders held on December 12, 2025. Following completion of the separation process and the related capital increase—expected to be effective around January 1, 2026, subject to regulatory approval and notification of changes to TIF’s articles of association—Telkom’s effective ownership in TIF will rise marginally from 99.999995% to 99.9999997%, while PT Multimedia Nusantara’s stake will fall from 0.000005% to 0.0000003%, further solidifying Telkom’s control over its infrastructure arm as it consolidates and restructures its fiber wholesale operations. The most recent analyst rating on (TLK) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on PT Telekomunikasi Indonesia Tbk stock, see the TLK Stock Forecast page. Spark’s Take on TLK Stock According to Spark, TipRanks’ AI Analyst, TLK is a Outperform. The overall stock score of 75 reflects strong financial performance and technical indicators. The company’s robust cash flow and profitability are significant strengths, while the technical analysis indicates a positive market trend. The valuation is reasonable, with an attractive dividend yield. However, the decline in revenue growth is a concern that could impact long-term performance. To see Spark’s full report on TLK stock, click here. More about PT Telekomunikasi Indonesia Tbk PT Telekomunikasi Indonesia Tbk (Telkom Indonesia) is a state-owned telecommunications company that provides network infrastructure and connectivity services in Indonesia, including wholesale fiber connectivity. Through its controlled subsidiary PT Telkom Infrastruktur Indonesia (TIF), the group focuses on developing and managing fiber infrastructure to support the country’s rapidly growing digital and data traffic needs. Average Trading Volume: 477,569 Technical Sentiment Signal: Buy Current Market Cap: $20.88B For an in-depth examination of TLK stock, go to TipRanks’ Overview page.