Dayamitra Telekomunikasi (Mitratel) has finalized a Share Sale and Purchase Deed Agreement with PT. Persada Sokka Tama (PST) as much as 5%. The ceremony took place at Telkom Landmark Tower, Jakarta, and was attended by President Director Theodorus Ardi Hartoko, President Director of Persada Sokka Tama Firman Hidayat, and Rahina Dewayani, the owner of 5% shares. With this agreement, Mitratel now holds full ownership of the shares of the tower company. “This acquisition aligns with the objectives of the Share Sale and Purchase Deed last March 2019, that Mitratel committed to purchasing the remaining shares of PST worth 5%; thereby becoming a sole shareholder. This brilliant move will generate huge benefits for us because we will be more agile and aggressive in various Telecommunication Tower business segments. It will result in a significant growth in business scale. On the other hand, we will also leverage PST as a vehicle to enhance the competencies needed as a value differentiator; thus outperforming competitors in this industry,” said Mitratel President Director Teddy Hartoko. The acquisition of PST is anticipated to enhance operational business efficiency and strengthen Mitratel’s Telecommunication Tower portfolio, in line with the company’s plans for tower business expansion. Dayamitra Telekomunikasi (Mitratel), a subsidiary of Telkom, operates within the Telecommunication Tower business and has managed more than 22,000 telecommunications towers, catering to all mobile operators across Indonesia. Meanwhile, PT Persada Sokka Tama (PST) engages in business Telecommunication towers, with ownership of more than 1,000 towers across various regions of Indonesian.
