Jakarta, August 2, 2021 – PT. Telkom Indonesia (Persero) Tbk continues to strengthen the business of providing telecommunications towers through its subsidiary, PT Dayamitra Telekomunikasi (Mitratel), by investing in assets (inbreng) 798 telecommunications towers.
This was marked by the signing of the Inbreng & Head of Agreement Deed between Telkom and Mitratel, which was carried out in a hybrid manner with strict health protocols.
Physically present at the event, Telkom’s Strategic Portfolio Director Budi Setyawan Wijaya and Mitratel President Director Theodorus Ardi Hartoko.
Meanwhile, through video conference, Telkom’s Director of Wholesale & International Service, Bogi Witjaksono, and Telkom’s Director of Network & IT Solution, Herlan Wijanarko, were present.
Telkom’s Strategic Portfolio Director, Budi Setyawan Wijaya said that the transfer of telecommunication tower assets (inbreng) by Telkom to Mitratel is part of the TelkomGroup portfolio arrangement and is Telkom’s commitment to make Mitratel a vehicle as well as a strong player and dominate the tower industry.
“The telecommunication tower industry is a very prospective industry in the midst of the potential development of Indonesia’s digital economy, plus the entry of fifth generation technology. With this step, TelkomGroup believes that Mitratel is able to strengthen its position as the leader of national telecommunications tower industry and provide high value for the company and stakeholders.”
Apart as an effort to reorganize the portfolio, the step to transfer Telkom’s towers to Mitratel is also one of the business strategies to increase capabilities in terms of the telecommunications infrastructure aspect.
The transferred towers have collocation potential and tenancy ratios above the industry average with a solid structure and coverage throughout Indonesia. The Inbreng is a strong capital for Mitratel’s tower business going forward.
“The telecommunication tower business is a very promising business, considering that until now telecommunication operators will continue to expand in improving network quality and expanding their service range, so we believe the telecommunication tower business will still record positive performance,” added Budi.
The President Director of Mitratel, Theodorus Ardi Hartoko, expressed Mitratel’s commitment in supporting the restructuring of the TelkomGroup portfolio with this corporate action.
Going forward, Mitratel is committed to properly managing the tower’s assets and business in order to provide the best value for shareholders.
After the asset transfer transaction of 798 towers, Mitratel owns more than 24,000 telecommunication towers. This is one of the steps taken by TelkomGroup through Mitratel to support the realization of value creation in order to establish itself as the number one player in the Indonesian telecommunications tower industry.