XLSMART appoints Thomas Hundt: what it means for XLSMART stock

Published on 10/14/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thomas Hundt joined the board on October 12, 2026. XLSMART stock costs EUR 0.11 on October 14, 2026, while Q2 revenue hit IDR 12.17 trillion.

Governance and network milestones

Thomas Hundt joined the board on October 12, 2026, with his term extending to 2029.
XLSMART raised 2026 capital spending to IDR 20 trillion and targets 101 cities for 5G coverage.
XLSMART stock traded at EUR 0.11 at 11:14 a.m. CEST at Lang & Schwarz on October 14, 2026.

XLSMART Telecom Sejahtera, ID1000102502, Illustration mit AI erstellt.

XLSMART Telecom Sejahtera (ID1000102502) appointed Thomas Hundt as a commissioner after its extraordinary shareholder meeting on October 12, 2026, with his mandate running until the annual meeting for fiscal year 2029. CNBC Indonesia reported that the meeting also accepted Vivek Sood's resignation.

What does the board change mean?

Hundt brings experience in telecommunications, technology, network transformation and business strategy. His appointment lasts from the meeting's close through the annual meeting for fiscal year 2029, giving the governance change a defined time horizon.

The board development follows a period of operating improvement. In the second quarter of 2026, revenue reached IDR 12.17 trillion, up 16.00 percent from IDR 10.49 trillion a year earlier, while net loss narrowed to IDR 277.22 billion from IDR 1.61 trillion. Simply Wall St said net margin improved from negative 15.3 percent to negative 2.3 percent during the same period.

5G spending sets the next test

Network investment is the next measurable execution test. Kontan reported on October 7, 2026, that XLSMART raised its 2026 capital spending guidance from IDR 15 trillion to IDR 20 trillion and aims to extend 5G coverage to 88 to 101 cities and regencies by year-end. The company had more than 52 cities and regencies covered at the time, supported by more than 15,000 5G base stations.

For investors, the central connection is between that spending and the improved second-quarter revenue and margin figures. The board change adds technology and transformation experience, while the capital plan raises the execution burden across mobile, home broadband and enterprise services.

Stock price and market value

XLSMART stock was trading at EUR 0.11 at Lang & Schwarz on October 14, 2026, at 11:14 a.m. CEST. The primary-market quote was IDR 2,160 on October 14, 2026, with market capitalization of IDR 39.3 trillion and a 52-week range of IDR 2,080 to IDR 4,550. The further course of trading is shown by the continuously updated real-time quote of XLSMART Telecom Sejahtera stock.