Indonesia-headquartered Mitratel reports jump in profits

Image by LariBat | Bigstockphoto

Indonesia-headquartered Dayamitra Telekomunikasi’s (Mitratel) net profit in the first six months of 2023 grew 14.7% to IDR1 trillion (USD66.06 million), with total revenue up 10.8% to IDR 4.1 trillion (USD271 million). 

A subsidiary of Telkom Indonesia

Mitratel, a subsidiary of PT Telkom Indonesia (Persero) Tbk, provides telecommunication infrastructure. The company has been working on providing and managing telecommunication towers since 2008. Currently, it manages telecommunication towers spread throughout Indonesia. Every cellular operator in Indonesia has become a tenant by placing their BTS devices in Mitratel towers.

In its earnings release, president director Theodorus Ardi Hartokos stated: “We are starting to reap the benefits” of an expansion which is reflected in stable and sustainable revenue growth. 

After acquiring 6,012km of fibre assets from two local companies at the end of 2022, its total fibre optic infrastructure reached 27,269km. 

The company said the acquisition had been a driving force in boosting revenue by IDR86 billion (USD%.7 million)from connecting its optical fibre portfolio of towers. 

Mitratel added towers

Mitratel added 1,300 new towers year-on-year, ending June with 36,719, which the company claimed consolidated its position as the largest tower company in Southeast Asia. 

The number of tenants increased 24.6% to 54,718.

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