11 December 2023
Dayamitra Telekomunikasi (Mitratel) has added more towers and optical fibre to its portfolio via separate acquisition deals worth a combined US$167.3 million.
Mitratel, a subsidiary of Telkom Indonesia has acquired 803 towers belonging to Gametraco Tunggal worth IDR 1.75 trillion. Of those, 241 towers are located on the island of Java, while the remainder are outside of the island.
Mitratel president director Theodorus Ardi Hartoko said that many telecoms players in Indonesia are looking to expand their market share outside of Java as demand for internet connectivity grows elsewhere in the archipelago: “of course we have to be at the forefront in helping their expansion.”
Apart from giving Mitratel more towers outside of Java, the Gametraco deal also comes with an additional 1,327 new tenants, which will increase Mitratel’s tenancy ratio.
Mitratel has also acquired 967.1 km of optical fibre from Power Telecom for IDR 85 billion. The fibre has a billable length of over 1,144 km, which means the new fibre complements its tower business portfolio with a billable ratio of 1.18x.
Mitratel’s expansion strategy will make it the largest digital infrastructure company in Asia Pacific, according to Hartoko.
