Telkom Indonesia named Nanang Hendarno CEO and Telkom Indonesia stock gains 3.11 percent

Published on 10/09/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached IDR 75.90 trillion in first-half 2026, up 3.90 percent. Telkom Indonesia stock costs EUR 11.60 on October 9, 2026 versus EUR 11.25.

Key points in brief

Telkom Indonesia named Nanang Hendarno CEO on September 30, 2026, alongside an InfraNexia spin-off.
The transaction consolidated more than 90 percent of network infrastructure assets into InfraNexia.
First-half 2026 revenue reached IDR 75.90 trillion, up 3.90 percent year over year.
TLK was trading at EUR 11.60 at Lang & Schwarz on October 9, 2026, plus 3.11 percent versus EUR 11.25.

TLK, US7156841063, Illustration mit AI erstellt.

Telkom Indonesia (ISIN US7156841063) was trading at EUR 11.60 at Lang & Schwarz on October 9, 2026 at 12:07 p.m. CEST, up 3.11 percent versus the EUR 11.25 prior close. On September 30, 2026, the company named Nanang Hendarno as president director and approved the spin-off of wholesale fiber assets to InfraNexia, according to Telkom Indonesia.

Telkom events build toward spin-off

On September 22, 2026, consolidated revenue reached IDR 75.90 trillion in the first half of 2026, up 3.90 percent year over year, while net income rose 1.40 percent to IDR 10.60 trillion, Liputan6 reported.

On September 23, 2026, Telkom reported that 66 Telkom Hub locations used 21 percent renewable energy, according to Telkom Indonesia. The figure adds an operating detail to the company transformation story.

What does the spin-off change?

The September 30 transaction moved more than 90 percent of Telkom network infrastructure assets into InfraNexia. The official release puts the network scale at 112,000 kilometers, including 26,000 kilometers of domestic submarine cable, with a transaction value of IDR 85.70 trillion, according to Telkom Indonesia.

That structure separates wholesale infrastructure operations from the wider group and is intended to improve asset utilization and expand external B2B infrastructure revenue. The business change is material because the transferred network represents the majority of the company infrastructure base.

Consensus target stays at USD 17.00

StockHub reported an October 7, 2026 consensus target of USD 17.00 from 23 recommendations, including 20 Buy and 3 Hold ratings. The target is in US dollars and is not directly compared with the euro reference price.

Business Quant identifies the ADR as NYSE: TLK and lists Q3 2026 revenue consensus at USD 2.23 billion against a USD 2.16 billion reported figure for Q2 2026. That estimate provides the next quantified comparison for the business after the first-half results.

Stock gains 3.11 percent

Telkom Indonesia stock was trading at EUR 11.60 at Lang & Schwarz on October 9, 2026 at 12:07 p.m. CEST, up 3.11 percent versus the EUR 11.25 prior close. The company had a market capitalization of USD 12.7 billion as of October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Telkom Indonesia stock.