The President Director of PT Dayamitra Telekomunikasi Tbk. or Mitratel, Theodorus Ardi Hartoko or Teddy, continues to drive positive performance outcomes in 2023 through various corporate strategies. Over the past few years, Mitratel has carried out various corporate strategies both organically and inorganically, resulting in Mitratel becoming the largest tower owner in Southeast Asia. With a tower ownership exceeding 35,000, Mitratel has earned the title of Tower King.
Teddy emphasized that Mitratel is shifting its focus towards enhancing fundamentals through asset monetization. As an Independent Tower Provider, Mitratel will continue to aggressively leverage its assets through orders from all Mobile Network Operators (MNO) as their network expands, extending beyond Java. The upsurge in demand for colocation from MNOs will certainly foster the Tenancy Ratio, leading to an increase in the company’s profitability.
“We are confident that the company’s value will experience rapid growth in 2023, bolstered by strong financial performance. Mitratel remains optimistic that with our strong market dominance, along with organic and inorganic business expansion, will significantly enhance our financial performance this year,” uttered Teddy.
Despite being the highest number tower company, Mitratel’s tenancy ratio lags behind its competitors. However, Mitratel has recently managed to record an EBITDA Margin comparable to its competitors. Consequently, in the short to medium term, Mitratel’s performance is expected to outperform its competitors.
“Since becoming the owner of the largest towers in Southeast Asia, Mitratel remains committed to striving for strong fundamentals, ensuring consistent and solid performance, above the industry norms. There are numerous undiscovered business opportunities that hold potential for profitable ventures, enabling sustainable growth for the company. We will focus on providing end-to-end solutions for our customers, for instance, Mitratel has already prepared Fiber-to-the-Tower (FTTT), Energy-as-a-Service (EaaS), and satellite-based services, setting a high bar that other competitors find challenging to replicate.”
“I have confidence that the telecommunications infrastructure business will persistently grow and evolve, offering promising opportunities for investors. Investors can see and consider statistics related to Mitratel’s tower business, such as the large number of towers, significant revenue growth, and profit levels, so they can make the right decision when making an investment. Projecting Mitratel’s future market capitalization growth is not challenging, especially considering its position among the 30 companies with the largest market capitalization. Our goal is to ascend to the top 20 or even the top 10,” emphasized Teddy.
