Jakarta (01/03/2023) – PT Dayamitra Telekomunikasi Tbk. (Mitratel) acquired a telecommunications tower under PT Indosat Ooredoo Hutchison (“IOH”). The purchase of this tower will further strengthen Mitratel’s business fundamentals and increase growth potential in the long term.
Mitratel has signed a sales and purchase agreement (SPA) with PT Indosat Ooredoo Hutchison on March 1, 2023, for the purchase of 997 towers with a total value of IDR 1,648,400,000,000 or one trillion six hundred forty eight billion four hundred million rupiah.
Teddy Hartoko, President Director of Mitratel, stated that this corporate initiative is Mitratel’s strategy and commitment to strengthen its fundamentals while providing enhanced value for all Mobile Network Operators (MNOs). In addition, this action highlights Mitratel’s efforts to evolve into an end-to-end Digital Infrastructure Company. “This initiative is an opportunity for Mitratel to swiftly acquire telecommunications tower assets with specifications and strategic locations. Accordingly, the collocation potential for all MNOs will open up even wider, along with the comprehensive end-to-end solutions we offer such as fiber-to-the-tower and energy-as-a-service, we believe Mitratel can provide enhanced value for companies and MNOs.”
Teddy said, in 2023 Mitratel’s primary focus will be on asset monetization through increasing colocation. As an Independent Tower Provider, Mitratel will continue to aggressively monetize its assets through orders from all MNOs as their network expands, including outside Java. The upsurge in colocation demand from MNOs will certainly influence the growth of the Tenancy Ratio which in turn elevates the company’s profitability.
As of the Q3-2022, Mitratel possesses over 35 thousand telecommunications towers distributed across all cities and districts in Indonesia. These towers are distributed with 42% located on the island of Java and 58% located outside the island of Java, bolstering Mitratel’s presence as the most powerful owner of telecommunications towers in Southeast Asia.
In the future, Mitratel and IOH are committed to continuing to support each other’s business and service development through several collaborations following this tower sale and purchase agreement.
