PT Dayamitra Telekomunikasi Tbk Company Profile

Background

Overview

PT Dayamitra Telekomunikasi Tbk, commonly known as Mitratel, is a leading provider of telecommunication infrastructure solutions in Indonesia. Established in 1995 as PT Dayamitra Malindo, the company specializes in the construction, leasing, and maintenance of telecommunication towers and related services. Mitratel is a subsidiary of PT Telekomunikasi Indonesia (Persero) Tbk, the nation's largest telecommunications company.

Mission and Vision

Mitratel's mission is to deliver high-quality telecommunication infrastructure that supports the growth and development of Indonesia's digital economy. The company envisions becoming the most trusted and reliable telecommunication infrastructure provider, continually adding value for its shareholders and contributing to the advancement of Indonesia's connectivity.

Primary Area of Focus

Mitratel focuses on providing comprehensive telecommunication infrastructure solutions, including the construction, leasing, and maintenance of telecommunication towers, as well as offering related services such as project solutions, managed services, and digital infrastructure.

Industry Significance

As a key player in Indonesia's telecommunication infrastructure sector, Mitratel plays a crucial role in supporting the nation's connectivity needs. The company's extensive network of over 39,000 telecommunication towers facilitates seamless communication services across the archipelago, catering to all cellular operators in Indonesia.

Key Strategic Focus

Core Objectives

• Expansion of Infrastructure: Mitratel aims to continuously expand its network of telecommunication towers to meet the growing demand for mobile connectivity in Indonesia.

• Service Diversification: The company seeks to diversify its service offerings by integrating digital business initiatives, including Internet of Things (IoT) solutions, fiber-to-the-mobile (FTTM) services, small cells, and managed services.

• Operational Excellence: Mitratel is committed to enhancing operational efficiency through technological innovation and process optimization.

Specific Areas of Specialization

• Telecommunication Tower Leasing: Providing macro and small cell towers, colocations, and reseller services.

• Project Solutions: Offering fiber optic, mechanical and electrical, and tower-related services.

• Managed Services: Delivering comprehensive support for telecommunication infrastructure.

• Digital Infrastructure: Implementing tower fiberization and edge infrastructure solutions.

Key Technologies Utilized

• Fiber Optic Technology: For high-speed data transmission.

• Small Cell Solutions: To enhance network coverage and capacity.

• Internet of Things (IoT): Integrating IoT solutions to support smart city initiatives.

Primary Markets Targeted

Mitratel primarily serves mobile network operators, internet service providers, and other telecommunication companies operating in Indonesia. The company's infrastructure supports both urban and rural connectivity, addressing the diverse needs of the Indonesian market.

Financials and Funding

Funding History

Mitratel has been primarily funded through its parent company, PT Telekomunikasi Indonesia (Persero) Tbk, and through its own revenue streams. The company went public on the Indonesia Stock Exchange (IDX) on November 22, 2021, under the ticker symbol MTEL.

Recent Financial Performance

• Market Capitalization: As of October 6, 2025, Mitratel's market capitalization was approximately $2.91 billion USD.

• Revenue: In 2024, the company reported a revenue of IDR 9.31 trillion, marking a 7.19% increase from the previous year.

• Net Income: The net income for 2024 was IDR 2.12 trillion, reflecting a 4.84% increase compared to the previous year.

Notable Investors

As a subsidiary of PT Telekomunikasi Indonesia (Persero) Tbk, Mitratel's primary investor is PT Telekomunikasi Indonesia (Persero) Tbk itself. The company also has a diverse shareholder base following its public listing.

Utilization of Capital

The capital raised through the IPO and subsequent funding rounds is intended for:

• Infrastructure Expansion: Building and acquiring additional telecommunication towers to enhance network coverage.

• Service Diversification: Developing and implementing new digital services and solutions.

• Operational Improvements: Investing in technology and systems to improve operational efficiency.

Pipeline Development

Key Pipeline Candidates

Mitratel's pipeline development focuses on:

• Infrastructure Projects: Construction of new telecommunication towers and acquisition of existing ones to expand network coverage.

• Digital Service Initiatives: Development of IoT solutions, FTTM services, and small cell deployments.

Stages of Development

• Planning and Design: Identifying strategic locations for new towers and designing digital service solutions.

• Construction and Deployment: Building new towers and implementing digital services.

• Operational Integration: Integrating new infrastructure into the existing network and services.

Target Conditions

The pipeline targets both urban and rural areas across Indonesia, aiming to improve connectivity in underserved regions and enhance service quality in urban centers.

Anticipated Milestones

• Short-Term: Completion of initial infrastructure projects and pilot digital service deployments.

• Medium-Term: Expansion of digital services and further infrastructure development.

• Long-Term: Achieving nationwide coverage with advanced telecommunication services.

Technological Platform and Innovation

Proprietary Technologies

Mitratel leverages proprietary technologies in:

• Network Management: Advanced systems for monitoring and managing telecommunication infrastructure.

• Digital Service Platforms: Platforms supporting IoT solutions and other digital services.

Significant Scientific Methods

• Data Analytics: Utilizing data analytics for network optimization and service improvement.

• Machine Learning: Applying machine learning algorithms for predictive maintenance and operational efficiency.

AI-Driven Capabilities

Mitratel employs AI-driven capabilities in:

• Network Optimization: AI algorithms analyze network performance to optimize resource allocation.

• Predictive Maintenance: AI models predict equipment failures, enabling proactive maintenance.

Leadership Team

Executive Profiles

• Theodorus Ardi Hartoko: Chief Executive Officer and President Director since 2020. Holds a degree in Industrial Engineering from Telkom College of Technology (STT Telkom). Previously served as VP Procurement (2012-2016), EVP IT, Supply & Project (2016-2017), Director of Operations & Development (2017-2019), and Director of Operations & IT (2019-2020).

• Ian Sigit Kurniawan: Chief Financial and Risk Management Officer and Director since 2020.

• Hastining Bagyo Astuti: Director of Operations and Development, Chief Operating Officer & Director since 2023. Holds a bachelor's degree in Telecommunication Engineering from Brawijaya University and a master's degree in Management from Prasetya Mulya University. Previously served as VP Product & Service Management at Telkomsel (2014-2019) and VP Customer Journey & Experience at Telkomsel (2020-2021).

• Hendra Purnama: Director of Investment, Corporate Secretary & Director since 2021.

• Agus Winarno: Business Director, Chief Commercial Officer & Director since 2023. Holds a degree in Industrial Engineering from Telkom College of Technology (STT Telkom). Previously served as OVP Consumer Assurance at PT Telkom Indonesia Tbk (2016-2020) and President Director at PT Infomedia Nusantara (2020-2023).

• Fandi Wijaya: Chief of Asset Management Officer & Director since 2025. Holds a bachelor's degree in Geodetic Engineering from the Bandung Institute of Technology and a Master of Strategic Management from the University of Indonesia. Previously served as Acting Senior Vice President of Asset Management at PT Pupuk Indonesia (Persero) (2016-2020).