PT Telefast Indonesia Tbk (IDX:TFAS) announces a share repurchase program. Under the program, the company will repurchase its own shares. The shares will be repurchased at a price of IDR 180 per share. The company will fund the repurchases from its internal cash originating from the operating activities. The buyback provides flexibility for the company in managing long-term capital, where treasury shares can be sold in the future at an optimal value if the company requires additional capital. The program will expire on December 18, 2020.