PT PP Infrastructure Sells Shares Of PT Ultra Mandiri Telecommunications To Mitratel

President Director of Mitratel Theodorus Ardi Hartoko and President Director of PT PP Infrastruktur, Helmi Adam, showed the contract document for buying and selling shares of PT Ultra Mandiri Telekomunikasi which was signed in Jakarta, Monday 2 December. (Photo: Doc. Mitratel)

JAKARTA - PT PP Infrastruktur as a subsidiary of PT PP (Persero) Tbk (PTPP) which is engaged in investment in the infrastructure sector, such as clean water and telecommunications processing, signed a Deed of Sale and Purchase Agreement, one of its subsidiaries engaged in the Telecommunications Sector, namely PT Ultra Mandiri Telekomunikasi (PT UMT) with PT Dayamitra Telekomunikasi Tbk (Mitratel) on Monday, December 2, 2024.

The event was attended by Plh. Assistant Deputy for Infrastructure Services of the Ministry of SOEs Bin Nahadi, Deputy Assistant Representative for Telecommunications and Media of the Ministry of SOEs Wawan Chaerul Anwar, President Director of PT PP (Persero) Tbk Novel Arsyad and his staff, Director of Portfolio Strategy of PT Telkom Indonesia Tbk Budi Setyawan Wijaya, President Director of PT PP Infrastruktur Helmi Adam and his staff, President Director of PT Dayamitra Telekomunikasi Tbk Theodorus Ardi Hartoko and his staff.

This agreement is a strategic step for all parties involved. Through this transaction, PT PP succeeded in realizing one of the portfolio strategies to support other business development. On the other hand, PT Dayamitra Telekomunikasi Tbk shows its commitment to realizing its vision of becoming a leading Digital Infraco by expanding its fiber optic portfolio.

Director of Corporate Strategy & HCM PT PP I Gede Upeksa Negara, stated that this signing was part of PT PP and PP Infra's commitment to continue to support the development of the telecommunications infrastructure sector in Indonesia.

"This collaboration also reflects the positive synergy between PT PP, PP Infra and Mitratel to present added value for each stakeholder," he said, in a written statement, Wednesday, December 4.

The President Director of Mitratel Theodorus Ardi Hartoko said the same thing, explaining that this acquisition has strategic value in strengthening the business ecosystem and maintaining market share control.

"We are consistent in consolidating the tower, fiber optics and other supporting services business to bring Mitratel as the largest Digital Infraco in Asia Pacific," he explained.

As of the end of September 2024, Mitratel owns 39,714 km of optical fiber. Based on this amount, 56 percent of optical fiber assets were recorded outside Java and 44 percent were on the island of Java. Through this share sale, Mitratel will get an additional 8,101 km of optical fiber network and a 12,524 km of billable length, bringing the total fiber network owned by Mitratel to more than 47,800 km.

"Mitratels will continue to expand selectively not only in the tower business but also in the field of optical fiber and other supporting services," said Teddy.

This corporate action is expected to support equitable access to telecommunications for the community through the provision of quality infrastructure to welcome the 5G era in Indonesia.

The event closed with the signing of documents by representatives from PP Infra, YKKPP and Mitratel, and witnessed by the Director of Corporate Strategy & HCM PT PP I Gede Upeksa Negara, Director of Strategic Portfolio TelkomGroup Budi Setyawan Wijaya, Board of Directors of PP Infra and Mitratel as well as stakeholders. All parties are optimistic that this synergy will have a positive impact not only on the company, but also on supporting Indonesia's digital economy development.