Mitratel Is Officially Listed On The Indonesia Stock ExchangeMitratel Is Officially Listed On The Indonesia Stock Exchange

Mitratel is officially listed on the IDX. (Photo: Doc. Indonesia Stock Exchange)

JAKARTA - PT Dayamitra Telekomunikasi Tbk or Mitratel is officially listed on the Indonesia Stock Exchange (IDX) with the stock code MTEL. This was marked by the Opening Bell Ceremony conducted by the President Director of Telkom, the President Director of Mitratel and their staff at the IDX Building, Monday 22 November.

This subsidiary of PT Telkom Indonesia (Persero) Tbk (Telkom), which is engaged in the telecommunications tower business, held an Initial Public Offering (IPO) with a total of 23,493,524,800 shares of common stock on behalf of the total value of the Initial Public Offering. amounting to Rp. 18.79 trillion.

The share price is pegged at Rp800 per share. Mitratel has appointed PT BRI Danareksa Sekuritas, HSBC, JP Morgan, PT Mandiri Sekuritas, and Morgan Stanley as Joint Book Runners and Joint Global Coordinators. BRI Danareksa Sekuritas together with Mandiri Sekuritas also act as Joint Lead Managing Underwriters and Domestic Underwriters.

Furthermore, the Ministry of SOEs hopes that Mitratel can support the acceleration of the nation's digitalization in order to face the upcoming 5G era and realize the nation's ideals, which is to become one of the countries with the largest digital economy, especially in Asia Pacific by 2025.

The Ministry of SOEs also hopes that Mitratel as a public company will always maintain compliance, and can meet the expectations of shareholders to become the market leader in the telecommunications infrastructure industry and provide optimal value for all stakeholders.

This corporate action to list Mitratel's initial shares is part of the commitment to transformation as well as structuring the company's portfolio to provide optimal value for Mitratel, TelkomGroup and all stakeholders.

Telkom's President Director, Ririek Adriansyah, said that the Mitratel IPO is in line with the transformation that Telkom is currently undertaking to become a digital telco and strengthens Mitratel's position in the midst of the presence of 5G which can grow the operator's need for telecommunication towers.

"This will be a good potential for Mitratel to become the largest independent telecommunications tower player in Southeast Asia," said Ririek.

Meanwhile, Mitratel President Director Theodorus Ardi Hartoko explained that the proceeds from the initial public offering (IPO) will be used to develop its competencies and capabilities to become a transparent professional superior company.

"We understand that rapid technological changes will accelerate all Mitratel competencies both now and in the future. This has been formulated in a business plan that is not only in the telecommunications tower business, but develops into an infrastructure company that is ready to support the 5G era and its continuation. ," he said.

Through this IPO, Mitratel will strengthen its position as The Best TowerCo In The Industry which is solid and independent. This is supported by the entry of SWF investments from Indonesia and internationally, showing that Mitratel has a good track record of performance and high growth potential in the future.

Mitratel is the largest telecommunication tower company in Indonesia, which was established in 2008. Mitratel has managed more than 28,000 telecommunication towers spread throughout Indonesia.

In addition to its main business in the telecommunications tower sector, Mitratel also expands its portfolio of tower derivative services such as Project Solutions, Managed Services, Fiberization and Digital Services to accelerate the digital climate in Indonesia.

Currently, Mitratel has a wide range of services and a complete telecommunications business ecosystem, and has a strong national track record throughout Indonesia. The Company is committed to fully supporting economic equity and internet access to remote areas of the country.

Mitratel has a long-term expansion plan into the Southeast Asia and Asia Pacific markets, in order to solidify its steps to become the leading telecommunications infrastructure provider in Southeast Asia.