JAKARTA – Facing challenges and competition in the service industry telecommunications, PT Dayamitra Telekomunikasi Tbk (Mitratel) continues to push healthy and sustainable performance growth by strengthening fundamentals and improve efficiency. The company is also adapting various latest technological developments to answer market needs.
Performance growth is reflected in the achievements in the third quarter of 2024. Company posted revenue of IDR 6.82 trillion, growing 8.7% in comparison the same period last year (year on year/yoy).
The company’s revenue growth was driven by equipment improvements production, especially in tower rental business revenue, grew 8.5% compared to the same period last year. Fiber optic business recorded revenue growth of 89.5% over the same time period.
The Company continues to accelerate the growth of this business segment, both organically and inorganic by carrying out a series of asset acquisitions. By Slowly, the fiber optic business has become a new source of income promising.
“Even though it only contributes 4% of total revenue, the fiber optic business continues shows encouraging development. We are focused on the future develop this business, in addition to continuing to increase market share in the business towers and spur the application of cutting-edge technology across all business lines,” said Mitratel President Director Theodorus Ardi Hartoko, familiarly known as Teddy.
Revenue growth is in line with improved operational performance which can be seen in the increase in the number of towers, fiber optics, collocation and tenant (tenant). The tenancy ratio figure also improved to 1.51x if compared to last year in the same period of 1.50x. This matter shows the company is able to optimize assets and is successful balancing expansion needs with the number of tenants.
Mitratel has 39,259 towers as of the third quarter of 2024, an increase of 5.8% annual. Meanwhile fiber optic assets reached 39,714 km, or 36.7% more longer than last year. As assets grow, so does the number of tenants also increased 6.7% to 59,431 tenants and colocation also rose 8.4%.
“This data shows the investment we have made over several years then, especially in areas outside Java, it continues to produce positive results. We ready to become a strategic partner for the telecommunications operator industry, both in carry out consolidation or expansion to a number of central areas new growth,” said Teddy.
Teddy explained the number of Mitratel towers spread across Java reaching 16,113 units as of the end of September 2024, or accounting for 41% of total. Meanwhile, the remaining 11,337 towers are located in Sumatra (28.9%), Sulawesi with 3,648 towers (9.3%), Kalimantan with 3,772 towers (9.6%), Bali Nusa Tenggara (Bali Nusra) with 2,657 towers (6.8%), Maluku and Papua as many as 1,732 towers (4.4%). In total, the asset portion towers outside Java reached 59%.
“In the midst of the telco operator industry consolidation trend and expansion agenda them to a number of areas that are developing digital infrastructure what we have now is an advantage in itself. You could say, this This is a blessing from our consistency in carrying out government assignments to ensure equal distribution of telecommunications access throughout the country since several years ago,” said Teddy.
Apart from spurring asset growth and adding new tenants, the company also continue to improve efficiency in all business processes by optimize the use of digital technology. Among other things, implementation OneFlux application that simplifies internal processes at once maximize service to customers.
Digitalization applied in various lines, especially marketing, makes it easier for tenants to rent towers and fiber that suits your needs.
The ability to balance costs and revenues has an impact increased EBITDA by 12.1% to IDR 5.67 trillion, so EBITDA Margin was recorded at 83.1%. After deducting taxes, interest charges, fees depreciation and amortization, the company posted a net profit of IDR 1.532 trillion as of the end of September 2024, growing 7.1%. This net profit is obtained reflecting a margin level of 22.5%.
