Realization of CSR activities carried out by Mitratel in 2021.
In June, Mitratel built clean water facilities and infrastructure in the form of drilled wells to meet the water needs of the people in Pengotan – Bangli Village. The assistance was delivered symbolically by Mitratel President Director Teddy Hartoko together with Mitratel Independent Commissioner M Ridwan Rizqi Nasution and his entourage to the Head of Pengotan Village for the people of Pengotan Village, Kec. Bangli, Bangli Regency.
Mitratel Pays Rp1.5 Trillion in Dividends.
JAKARTA – Publicly listed PT Dayamitra Telekomunikasi Tbk or Mitratel on Friday, May 31st, 2024 held an Annual General Shareholders’ Meeting for 2023. At the meeting, shareholders approved the company’s 2023 Financial Report and its plan on net profit usage.
In 2023, Mitratel booked Rp2.01 trillion in net profit, an increase of 12.6% compared to the same period a year prior. The growth in net profit was mainly contributed by revenue increase of 11.2% to Rp8.6 trillion. The company booked Rp6.9 trillion in earnings before interest, taxes, depreciation and amortization (EBITDA), increasing 12.7% from a year before. Therefore, the company’s EBITDA margin reached 80.5%.
In the past one year, Mitratel carried out business expansion, resulting in a positive bottom line. The company saw a 7.3% increase in the number of telecommunication towers to 38,014 units last year, cementing its position as the owner of the most towers in Southeast Asia. Meanwhile, the company’s fiber optic assets expanded 95.4% to 32,521 kilometers, with the number of tenants increasing 10.4% to 57,409.
Based on the achievements, along with challenges and opportunities Mitratel will face in the future, the company’s shareholders approved cash dividend payment of 70% of its net profit, with 5% special dividends. The total payout equals to Rp1.5 trillion or Rp18.2 per share. “Meanwhile, 23% of the company’s net profit will be allocated as general reserve. We will continue our expansion to achieve sustainable business growth,” says CEO of Mitratel Theodorus Ardi Hartoko.
The management says that shareholders who are listed as of June 12th, 2024 are the ones eligible to receive the cash and special dividend payments. “Cash and special dividends will be paid in one lump sum to eligible shareholders on July 3rd, 2024 at the latest,” the management says.
Regarding the 75% dividend payout ratio, Teddy says that the management will continue to be active in looking for opportunities, including selective investment in order to widen business scale. The company seeks out these opportunities as it spearheads the government’s efforts in equalizing access to communications across Indonesia.
“We are not only maintaining a sustainable business growth and increasing profitability, but we are also contributing to the efforts of equalizing access to telecommunications. Therefore, we should prepare enough capital expenditure to support the big agenda,” Teddy says.
Mitratel has set three major agenda throughout 2024. First, the company aims to book revenue growth above industry with “high single digit growth”, supported by an increase in the number of 4K tenants. Second, the company aims to business in the tower ecosystem by building 10K-kilometer optical fiber network and accelerating new portfolios, such as power to the tower. Third, the company aims to capture asset consolidation opportunity in the tower ecosystem coming from asset divestment trend by the MNO.
“We will continue to focus in maintaining market leadership in Indonesia and Southeast Asia through organic and inorganic expansion. We believe the tower industry still has a huge space for growth, in line with the current consolidation among telecommunication operators. We believe that after the consolidation phase, they will continue expanding especially to new economic growth regions where access to communication is still not equally distributed. Mitratel aims to be a preferred partner for MNO in accelerating their expansion in business and network coverage,” Teddy says.
Cetak Laba Rp2 Triliun, Mitratel Tebar Dividen Rp1,5 Triliun.
JAKARTA – PT Dayamitra Telekomunikasi Tbk atau Mitratel telah menyelenggarakan Rapat Umum Pemegang Saham Tahunan (RUPST) Tahun Buku 2023 pada hari Jumat 31 Mei 2024. Selain mengesahkan Laporan Keuangan tahun buku 2023, pemegang saham juga menyetujui usulan manajemen terkait penggunaan laba bersih.
Mitratel membukukan laba bersih tahun 2023 senilai Rp2,01 triliun, tumbuh 12,6% dibandingkan periode yang sama tahun lalu. Pertumbuhan laba ditopang kenaikan pendapatan usaha sebesar 11,2% menjadi Rp8,6 triliun. Laba sebelum pajak, beban bunga, amortisasi dan depresiasi atau EBITDA juga meningkat 12,7% menjadi Rp6,9 triliun. Alhasil, EBITDA margin mencapai 80,5%.
Pencapaian di bottom line sejalan dengan ekspansi perusahaan selama setahun terakhir. Jumlah menara meningkat 7,3% menjadi 38.014 unit dan kembali memperkuat posisi Mitratel sebagai pemilik menara terbanyak di Asia Tenggara. Sementara aset fiber optik melebar 95,4% menjadi 32.521 kilometer. Jumlah tenant pun ikut terkerek 10,4% menjadi 57.409 penyewa.
Dengan berbagai pencapaian itu serta mempertimbangkan tantangan dan peluang pertumbuhan perusahaan ke depan, pemegang saham menyetujui pembagian dividen tunai sebesar 70% dan dividen spesial sebesar 5% dari Laba Bersih tahun buku 2023. Total dividen yang dibagikan tersebut setara dengan Rp1,5 triliun atau Rp18,2 per saham. “Sementara itu, sebesar 23% dari laba bersih dialokasikan sebagai laba ditahan dan 2% dialokasikan sebagai cadangan umum. Kami akan tetap melanjutkan ekspansi untuk mencapai pertumbuhan Publik bisnis yang berkelanjutan,” kata Direktur Utama Mitratel, Theodorus Ardi Hartoko.
Manajemen menjelaskan pihak yang berhak menerima pembagian dividen tunai dan spesial adalah para pemegang saham yang namanya tercatat dalam daftar pemegang saham per tanggal 12 Juni 2024. “Dividen tunai dan spesial akan dibayarkan secara sekaligus kepada pemegang saham yang berhak selambat lambatnya pada 3 Juli 2024,” tulis manajemen.
Terkait dividen payout ratio yang sebesar 75%, Teddy menjelaskan bahwa manajemen akan terus aktif mencari peluang, salah satunya dengan melakukan investasi yang selektif dalam memperluas skala bisnis. Terutama terkait peran Mitratel sebagai ujung tombak pemerintah dalam pemerataan akses telekomunikasi di seluruh Indonesia.
“Kami tidak sekadar menjaga pertumbuhan bisnis yang berkelanjutan dan meningkatkan profitabilitas, juga berkontribusi dalam pemerataan akses telekomunikasi. Maka itu, kami mesti menyiapkan belanja modal yang cukup untuk mendukung agenda besar tersebut,” kata Teddy.
Terdapat tiga agenda besar Mitratel sepanjang tahun 2024. Pertama, pertumbuhan pendapatan di atas industri dengan high single digit growth yang didukung pertumbuhan 4K tenant. Kedua, pengembangan bisnis di ekosistem menara berupa pembangunan 10K km jaringan fiber optik dan akselerasi portfolio baru seperti power to the tower. Ketiga, menangkap peluang konsolidasi asset dalam ekosistem menara dari trend divestasi asset oleh MNO.
Publik “Kami akan terus fokus dalam menjaga kepemimpinan pasar, baik itu di Indonesia maupun di Asia Tenggara, melalui ekspansi organik dan anorganik. Sejalan dengan agenda industri operator telekomunikasi yang tengah melakukan konsolidasi, kami yakin terhadap ruang pertumbuhan bisnis yang besar dari industri menara. Kami meyakini setelah fase konsolidasi, mereka akan kembali ekspansi terutama ke daerah pertumbuhan ekonomi baru yang akses telekomunikasinya belum merata. Posisi Mitratel sebagai preferred partner dalam akselerasi perluasan bisnis dan coverage layanan oleh MNO,” kata Teddy.
Mitratel Receives Compliance Awards
JAKARTA – Publicly listed Dayamitra Telekomunikasi Tbk or Mitratel (MTEL) recently received the Indonesia Regulatory Compliance Awards 2024 from Hukumonline, an online legal news portal. The company received the highest category of the award, namely Sapphire, as the Best Enterprise in Regulatory Compliance. The award is a public acknowledgment towards Mitratel’s commitment to upholding legal compliance as an integral part of the company’s business activities.
Mitratel received the awards at the Indonesia Regulatory Compliance Award 2024 held on May 31, 2024, after a tight judging process carried out by external judges. The awards are divided into four categories, namely Sapphire, Diamond, Gold, and Silver. According to the judges, as Mitratel received awards with the highest category (Sapphire), it shows that the company has a strong strategy in implementing legal compliance in all aspects of its business.
“We are proud to be receiving the Best Enterprise in Regulatory Compliance award with the highest category (Sapphire) at the Indonesia Regulatory Compliance Awards 2024 held by Hukumonline. This prestigious award is a result of a hard work shown by the management and all employees of MItratel. Legal compliance is not only a necessity for Mitratel, but instead it has also become an evidence that we are continuously implementing good corporate governance and integrity in our daily business activities,” says President Director of Mitratel Theodorus Ardi Hartoko, also known as Teddy.
Teddy says that the award Mitratel received signifies the company’s positioning as the leading telecommunications infrastructure provider in the industry. The company is committed to making legal compliance and business ethics as part of its governance, an aspect that is part of the Environmental, Social, and Governance (ESG) principles implemented in every line of business and activity.
“Governance is an essential foundation to ensure the sustainability of the company, in line with the implementation of the ESG principles. This is because a good governance and compliance to the laws and regulations ensures that the company has a strong footing to achieve success for the long term. By implementing high standards of governance, MItratel creates a transparent, fair, and efficient management structure,” Teddy says.
Teddy says further that aside from the ESG, Mitratel has several parameters and corporate governance policies, including the Bribery & Corruption Policy – Political Involvement Policy, which strictly prohibits practices of bribery and embezzlement in the company. The Company also implements programs to strengthen governance, such as Whistleblower Program, which gives assurance to every employee or related parties to report any violations or unethical conducts. Another one is the Business Ethics Program, which regulates business ethics, including prevention of money laundering, tax evasion, and security of data and information.
As a subsidiary of publicly listed state-owned company Telkom Indonesia, Mitratel applies the Core Values of Indonesian State-Owned Enterprises, namely AKHLAK, which translates into Trustworthy, Competent, Harmonious, Loyal, Adaptive, and Collaborative. It is a set of standards that are required to be followed by all SOEs and their subsidiaries. Teddy says, AKHLAK is a set of positive values for working culture in Mitratel that is effective in helping the company strengthen its governance.
“We are always committed to strengthening our governance to the higher level and improve all the remaining weaknesses. Our goal is to ensure that this company is doing its business with sense of responsbility towards laws and regulations as well as the public. By doing so, we are creating added values for our stakeholders and the Indonesian people as a whole,” Teddy says.
Mitratel Raih Penghargaan Kepatuhan Hukum
JAKARTA – PT Dayamitra Telekomunikasi Tbk atau Mitratel (MTEL) meraih penghargaan Indonesia Regulatory Compliance Awards 2024 dengan kategori Sapphire (tertinggi) sebagai Best Enterprise in Regulatory Compliance dari Hukumonline baru-baru ini. Penghargaan ini merupakan sebuah pengakuan terhadap komitmen Mitratel yang menempatkan kepatuhan hukum sebagai bagian integral dari aktivitas bisnis perusahaan.
Mitratel menerima penghargaan tersebut dalam perhelatan Indonesia Regulatory Compliance Award 2024 yang diadakan pada tanggal 31 Mei 2024. Penghargaan diklasterkan menjadi empat peringkat atau kategori, yakni Sapphire, Diamond, Gold, dan Silver. Berdasarkan penilaian juri, Mitratel dinilai telah memiliki strategi yang kuat dalam mengimplementasikan kepatuhan hukum di seluruh aspek bisnisnya.
“Kami senang dan bangga dapat meraih penghargaan The Best Enterprise in Regulatory Compliance dengan kategori Sapphire dalam Indonesia Regulatory Compliance Awards 2024 yang diadakan Hukumonline. Penghargaan ini merupakan hasil kerja keras bersama yang telah dijalankan seluruh insan Mitratel, mulai dari manajemen hingga karyawan. Kepatuhan hukum merupakan suatu keharusan bagi Mitratel, karena hal ini membuktikan Publik Publik tata kelola perusahaan yang baik dan berintegritas yang kami terapkan setiap harinya di seluruh aktivitas bisnis,” kata Direktur Utama Mitratel Theodorus Ardi Hartoko.
Teddy mengatakan, penghargaan yang diterima Mitratel menunjukkan posisi perusahaan sebagai penyedia infrastruktur telekomunikasi yang terdepan di industri, dengan terus memegang komitmen kepatuhan hukum dan etika bisnis sebagai bagian dari tata kelola (governance). Perusahaan memahami prinsip governance sebagai aspek tidak terpisahkan dari Environmental, Social, and Governance (ESG) yang terus diwujudkan di setiap lini bisnis dan aktivitas perusahaan.
“Tata kelola adalah fondasi esensial untuk memastikan keberlangsungan perusahaan, sejalan dengan prinsip ESG yang kami terapkan. Sebab, tata kelola yang baik dan kepatuhan hukum memastikan perusahaan memiliki landasan yang kokoh untuk mencapai kesuksesan yang berkelanjutan. Dengan menegakkan standar governance yang tinggi, Mitratel menciptakan struktur manajemen yang transparan, adil, dan efisien,” ujar Teddy.
Selain ESG, lanjut Teddy, Mitratel memiliki sejumlah parameter dan kebijakan tata kelola perusahaan, termasuk di antaranya Bribery & Corruption Policy – Political Involvement Policy, yang mengatur secara tegas praktik anti penyuapan dan korupsi di lingkungan perusahaan. Perusahaan juga menjalankan program-program penguatan tata kelola, yakni Whistleblower Program yang menjamin Publik Publik keamanan bagi karyawan atau pihak luar untuk melaporkan ketidakpatuhan atau perilaku tidak etis, dan Business Ethics Policy yang mengatur etika bisnis termasuk pencegahan pencucian uang, penggelapan pajak, serta keamanan data dan informasi.
Sebagai anak usaha PT Telkom Indonesia (Persero) Tbk yang merupakan Badan Usaha Milik Negara (BUMN), Mitratel turut menerapkan Core Values AKHLAK (Amanah, Kompeten, Harmonis, Loyal, Adaptif, Kolaboratif) yang menjadi standar wajib bagi seluruh perusahaan negara dan turunannya. Teddy menjelaskan, AKHLAK yang merupakan nilai-nilai budaya kerja yang positif dan efektif turut membantu penguatan tata kelola perusahaan.
“Kami berkomitmen untuk terus memperkuat tata kelola ke tingkat yang lebih tinggi. Tujuan kami adalah selalu memastikan bahwa perusahaan ini menjalankan bisnisnya dengan bertanggung jawab kepada hukum dan masyarakat, sehingga dapat menciptakan nilai tambah bagi para pemangku kepentingan dan rakyat Indonesia secara keseluruhan,” pungkas Teddy.
One year on the stock exchange, Mitratel succeeded in becoming the largest in Southeast Asia
This is documentation when mitratel finaly reach their great milestone: IPO
Jakarta, 23 November 2022 – PT Dayamitra Telekomunikasi Tbk (MTEL) or “Mitratel”, a company engaged in providing digital and telecommunications infrastructure, has completed 1 (one) year of being listed on the Indonesia Stock Exchange. Mitratel continues to maintain growth and develop into the largest tower company (towerco) in the region that is adaptive to change.
Mitratel President Director Theodorus Ardi Hartoko or who is usually called Teddy said that the company had achieved four achievements within a year after listing its shares on the Indonesian Stock Exchange (IPO) on November 22, 2021. The first of them, Mitratel is now the largest independent telecommunications tower company in the country & Southeast Asia with 2896 public ownership shares which has the most complete services.
“Mitratel has prepared telecommunications infrastructure, including towers, connectivity (fiber and satellite) and power to tower spread throughout Indonesia to provide the most complete and integrated solutions for all telecommunications operators,” said Teddy in Jakarta, Wednesday (23/11/ 2022).
According to Teddy, globally the trend in the telecommunications tower business is shifting from Towerco to Digital Infraco in the future, to provide cellular services and grow the digital ecosystem.
In Indonesia, Towerco has moved to capture the growth potential of providing digital infrastructure, to encourage future business growth. Especially regarding the provision of fiber optic infrastructure to support cellular services (4G/5G) and digital ecosystems.
“Mitratel, as part of the Telkom Group, will always play a role in preparing a roadmap for Digital Infraco for portfolio development that focuses on providing fiber optic/tower fiberization infrastructure,” Teddy explained.
Second, the company is now the largest telecommunications tower provider company in Southeast Asia in terms of tower ownership, through various tower developments and corporate actions. “MTEL’s tenancy ratio of 1.44x and 5896 towers outside Java provide room for growth with the expansion of mobile operator services throughout Indonesia,” said Teddy.
As of the third quarter of 2022, Mitratel is recorded as having a total of 35,051 telecommunications towers, after the company successfully acquired 6,000 towers belonging to PT Telekomunikasi Selular (Telkomsel) some time ago.
Third, according to Teddy, Mitratel has low leverage and no exposure to foreign exchange rate risk. The company is quite resilient to macroeconomic exposure with a net-debt to EBITDA record of 1.7x, a domestic content level (TKDN) of 100% and all debt in rupiah.
“Fourth, MTEL is also a leading company in the industry with a very good level of investment,” said Teddy. Teddy explained that MTEL had achieved a very good investment grade rating from PEFINDO, namely an IdAAA rating with a stable outlook. MTEL shares are also included in the FTSE Global Equity IDX80, Kompas 100, IDX ESG Leaders and ISSI Index lists.
In the January – September 2022 period, MTEL managed to record revenue that rose 11.5% on an annual basis to IDR 5.6 trillion compared to the same period last year of IDR 5.02 trillion. The increase in revenue increased the company’s net profit 18.1% to IDR 1.22 trillion compared to the previous IDR 1.03 trillion.
Teddy stated that the company’s consistent growth succeeded in recording EBITDA (earnings before interest, taxes, depreciation) increasing to 15.7%. “EBITDA is expected to increase as colocation increases, especially due to the extensive tower coverage outside Java,” said Teddy.
According to Teddy, the company’s business growth in the first – third quarter of 2022 was recorded to consistently be greater than industry growth. This is what makes Mitratel’s profitability increase more significantly compared to last year.
Performance Continues to Grow
Meanwhile, PT Mirae Asset Sekuritas Indonesia Senior Investment Information Nafan Aji projects that Mitratel’s performance will continue to grow. Nafan said that the growth of the Telkom subsidiary was starting to show results after almost a year of being listed on the Indonesia Stock Exchange (BEI) on Wednesday (23/11/2022).
“MTEL is still experiencing bearish consolidation in the short term. MTEL has support at IDR 680 per share and resistance at IDR 740. This is technical analysis. Bullish consolidation will take effect if MTEL consistently stays above IDR 705. Currently it is at IDR 710,” said Nafan.
Even so, Nafan believes that Mitratel’s trend will continue to increase until the end of the year. This cannot be separated from a few Mitratel business expansions in the tower sector. He said that Mitratel’s improved performance was also supported by Indonesia’s impressive economic growth with relatively solid domestic macroeconomic fundamentals.
“This could be a catalyst for improving Mitratel’s top line and bottom-line fundamental performance,” he continued.
Nafan said positive economic growth encouraged an increase in the need for internet connectivity services. Not only that, continued Nafan, Mitratel’s actions in supporting fiber optic development will also further improve the company’s performance in the future.
“Demand for connectivity in the future will definitely increase with increasingly rapid technological development, even though the fundamental performance is still at odds with the performance of share prices, technically it is better if it is consistently above IDR 750,” said Nafan.
Strong Fundamentals Established: Mitratel Shifts Focus to Asset Monetization
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.
Indonesian Stock Exchange Announces MTEL is Included in LQ45 Index
JAKARTA – Indonesia Stock Exchange (IDX) announced that PT Dayamitra Telekomunikasi Tbk’s (MTEL) shares effectively became the constituent of LQ45 Index, as of 1 February 2024.
LQ45 Index is perceived prestigious because it represents 45 issuers on the IDX that are selected based on the highest liquidity and largest market capitalization, as well as a number of other criteria.
This assessment means that shares which are included in LQ45 Index are stocks that are actively traded and have good company fundamentals.
MTEL’s average transaction volume in the Q4-2023 was recorded at 47.2 million shares, growth 6% quarterly. In Q1-2023, the average volume remained at 20 million shares, so the total increase has reached more than double.
By the third quarter of 2023, MTEL posted revenue IDR 6,3 trillion, growth 11,9% YoY.
Meanwhile, MTEL recorded a net profit of IDR 1,43 Trillion, growth by 16,6% YoY. MTEL has 37,091 towers by the end of September 2023. This achievement makes MTEL as the largest of TowerCo company in Southeast Asia in terms of telecommunication tower numbers.
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You can see Mitratel’s Portfolio on the following page:
https://webdev.mitratel.co.id/portfolio-en/
Bursa Efek Indonesia Umumkan Saham MTEL Masuk LQ45
Rata-rata volume transaksi MTEL pada kuartal IV-2023 tercatat sebesar 47,2 juta saham, naik 6% secara kuartalan. Pada kuartal I-2023, rata-rata volumenya masih di angka 20 juta saham, sehingga total kenaikannya telah mencapai lebih dari dua kali lipat.
Hingga kuartal III-2023, MTEL membukukan Pendapatan sebesar Rp 6,3 triliun, bertumbuh sebesar 11,9 persen year-on-year.
Pada periode tersebut, MTEL mencatatkan Laba Bersih sebesar Rp 1,43 triliun, tumbuh sebesar 16,6% dari periode yang sama tahun lalu. MTEL memiliki menara sebanyak 37.091 hingga akhir September 2023. Pencapaian ini membawa MTEL sebagai perusahaan TowerCo atau operator menara telekomunikasi dengan jumlah menara terbanyak di Asia Tenggara.
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Anda dapat melihat portfolio Mitratel pada halaman berikut:
https://webdev.mitratel.co.id/portfolio-mtel/
EGMS Appoints Yusuf Wibisono as President Commissioner of Mitratel
JAKARTA – The Extraordinary General Meeting of Shareholders (EGMS) of PT Dayamitra Telekomunikasi Tbk (MTEL) or Mitratel approves the changes in the composition of the Company’s Board of Commissioners, effective today (01/12). This meeting is a subsequent action to the submission of a Resignation Letter of Rico Usthavia Frans from his position as President Commissioner dated September 14, 2023 and Henry Yosodiningrat from his position as Commissioner dated November 28, 2023.
Referring to the provisions of Article 14 Paragraph [25] point b of the Company Articles of Association and Article 27 of the Financial Services Authority Regulation Number 33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Issuers or Public Companies [“POJK 33/2014”], the Company is obliged to organize EGMS to decide on requests for resignation of members of the Company’s Board of Commissioners no later than 90 [ninety] days after the company receives the resignation letter of members of the Board of Commissioners, as of September 14 2023.
“At today’s EGMS, the shareholders have approved and accepted the resignation Rico Usthavia Frans from his position as President Commissioner and Henry Yosodinigrat as Commissioner. We would like to thank him for his dedication and contribution so far,” said Mitratel President Director Theodorus Ardi Hartoko.
Apart from accepting the resignations of Rico Usthavia Frans and Henry Yosodiningrat, the EGMS also approved and appointed Yusuf Wibisono as President Commissioner, Mira Tayyiba as Commissioner, and Gunawan Susanto as Independent Commissioner.
“We would like to thank the shareholders for the approval obtained. We believe that this change in management will strengthen the company’s position in terms of governance and increase solidity between management and commissioners to jointly realize the company’s strategic plans,” added Teddy.
With the approval of the EGMS, the current composition of Mitratel’s board of commissioners is as follows:
| The Composition of MTEL Board of Commissioners | |
| Yusuf Wibisono | President Commissioner of Mitratel |
| Herlan Wijanarko | Commissioner |
| Mira Tayyiba | Commissioner |
| Gunawan Susanto | Independent Commissioner |
| M. Ridwan Rizqi Ramadhani Nasution | Independent Commissioner |
The Company’s Fundamentals Are Increasingly Stronger
Solid cooperation between the Board of Directors and the Board of Commissioners has succeeded in making Mitratel the largest TowerCo company in Southeast Asia in terms of tower ownership. Not only that, Mitratel has also successfully become a company that consistently achieves net profit growth with increasingly strong fundamentals. For this reason, the company envisions achieving double-digit revenue growth in 2023.
This week, Mitratel just completed the acquisition of 803 towers worth IDR 1.75 trillion and took over 967.1 kilometers of fiber optics worth IDR 85 billion. This corporate action increased the number of tenants by 1,327 new tenants and increased the company’s tenancy ratio.
Of the 803 towers acquired, 562 towers or 70% of them are outside Java Island. While the remaining 30% or 241 towers are located on Java Island. This additional asset composition confirms MTEL’s commitment to becoming a strategic partner for the telecommunications operator industry in expanding throughout the country.
“Strengthening market share outside Java has become a strategic agenda for a number of telecommunications operator companies. This expansion is in line with the increasing demand for internet in various regions along with equitable distribution of economic growth. As a major player in this business and with a high opportunity to become an end-to-end telecommunications infrastructure provider, we definitely must be at the frontline in helping their expansion,” said Mitratel President Director Theodorus Ardi Hartoko.
From a fundamental perspective, Mitratel posted an 11.9% rise in revenue from IDR 5.6 trillion at the end of September 2022 to IDR 6.3 trillion at the end of September 2023 [year on year/ yoy]. EBITDA margin also improved from 78.5% in September 2022 to 80.6% in September 2023. From total revenue of IDR 6.3 trillion, the company managed to record a net profit of IDR 1.43 trillion. This net profit jumped 16.6% from the same period last year.
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You can see Mitratel’s Portfolio on this page:
https://webdev.mitratel.co.id/portfolio-en/
