Telkomsel and PT Dayamitra Telekomunikasi 'Mitratel' continue to be consistent in strengthening and developing the transformation of the business portfolios of the two companies through corporate actions in addition to the ownership diversion of Telkomsel's telecommunication towers to Mitratel, which now carried out as many as 6,000 units.
The agreement to continue the ownership diversion was marked by the signing of a Sale and Purchase Agreement (SPA) between PT Telekomunikasi Selular (Telkomsel) and PT Dayamitra Telekomunikasi (Mitratel), which was held in Jakarta on July 29, 2022.
The agreement between the two companies completes the corporate action to ownership diversion of telecommunication towers which had previously been carried out in 2020 for as many as 6,050 telecommunication tower units and in 2021 for 4,000 telecommunication tower units. Overall, the total number of Telkomsel telecommunication towers that have changed ownership to Mitratel has reached 16,050 units of telecommunication towers.
As part of the agreement, Mitratel will also deploying Telkomsel leading edge Internet of Thing (IoT) and Data Analytics services to provide real time management of the Towers and proactive optimization of power consumption. This partnership will certainly contribute to reduction of carbon emission and footprint and once again demonstrate Telkomsel’s commitment to Environment, Social, and Governance initiatives.
This ongoing corporate action from Telkomsel and Mitratel is also expected to strengthen the momentum of the two companies in ensuring the creation of asset management and expansion of business lines that can encourage growth in company performance that is increasingly ideal, productive, effective, efficient, and relevant to every technological development.
President Director of Telkomsel Hendri Mulya Syam
With the agreement of the sale and purchase agreement for the transfer of ownership of 6,000 telecommunication towers to Mitratel, Telkomsel further strengthens the company's transformation efforts through the development of a company portfolio in the digital business that is more consistent, comprehensive and strengthens the company's commitment to providing more innovative services.
Mitratel CEO, Theodorus Ardi Hartoko
The ownership diversion of 6.000 telecommunication towers can be our main capital for market expansion and to support the acceleration of 5G implementation in Indonesia, increase Mitratel's production equipment, and strengthen Mitratel's position as the biggest tower provider in Indonesia and one of the largest in Southeast Asia. Along with the transaction, we also agreed to explore Tower Ecosystem business with Telkomsel by utilizing Internet of Things (IoT) to support service operation and business expansion that encompasses Green Energy service and other New Ecosystem Tower Business.
