{
    "success": true,
    "data": {
        "id": 1901975,
        "msgid": "profit-reaches-rp1-11-trillion-mtel-accelerates-business-growth-beyond-towers-1785927165",
        "date": "2026-08-05 17:28:19",
        "title": "Profit Reaches Rp1.11 Trillion, MTEL Accelerates Business Growth Beyond Towers",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "PT Dayamitra Telekomunikasi Tbk (Mitratel) reported a solid first-half 2026 performance with net profit rising 1.5% to Rp1.11 trillion, driven by disciplined financial management and a 15.1% reduction in funding costs. The company is accelerating its transformation into a 'Next-Gen Tower Company' by expanding its integrated digital infrastructure solutions, with non-tower leasing revenue, particularly from fibre optics and construction services, showing strong growth. Mitratel's strategic shift aligns with the broader direction of Danantara Indonesia and the Telkom Group, aiming to strengthen its market leadership and support Indonesia's digital transformation.",
        "content": "<p>Jakarta - PT Dayamitra Telekomunikasi Tbk (MTEL), known as Mitratel,\nhas again posted a solid performance for the first half of 2026. The\ncompany recorded sustainable profit growth while strengthening its\nbusiness fundamentals through disciplined financial management,\nincreased efficiency, and an accelerated transformation towards becoming\na Next-Gen Tower Company that delivers integrated digital infrastructure\nsolutions to support Indonesia\u2019s digital transformation. Throughout the\nfirst half of 2026, Mitratel recorded revenue of Rp4.69 trillion, an\nincrease of 2.1% compared to the same period the previous year. This\nperformance drove net profit up 1.5% to Rp1.11 trillion. The tower\nleasing business remained the main contributor with revenue of Rp3.83\ntrillion, whilst the fibre optic business continued to show strong\ngrowth with revenue reaching Rp309 billion. Amidst the dynamics of the\ntelecommunications industry, this achievement reflects the resilience of\nMitratel\u2019s business model, supported by recurring revenue, a quality\nasset portfolio, and the increasing contribution of digital businesses.\nThe achievement reflects Mitratel\u2019s success in implementing the\nstrategic direction of Danantara Indonesia and the Telkom Group, which\nfocuses on strengthening fundamentals, increasing efficiency, optimising\nasset management, and creating long-term value for all shareholders and\nstakeholders. In line with this strategy, Mitratel continues to\naccelerate its transformation towards a Next-Gen Tower Company by\nexpanding its business capabilities from a tower infrastructure provider\nto an integrated digital infrastructure solutions provider. As part of\nthe strategy implementation, the company continues to strengthen\nfinancial management discipline through optimising its funding\nstructure, digitalising business processes, and increasing operational\nefficiency. These efforts successfully reduced funding expenses by 15.1%\nto Rp483.47 billion, thereby strengthening profitability and increasing\nfinancial flexibility to support sustainable business expansion. Kiwoom\nSekuritas analyst Abdul Azis assessed that the reduction in funding\nexpenses demonstrates Mitratel\u2019s ability to optimally manage its\nfinancing structure amidst the capital-intensive characteristics of the\ninfrastructure business. \u201cProfit growth accompanied by a reduction in\nfunding expenses shows that Mitratel\u2019s fundamentals remain intact. This\nefficiency provides greater room for the company to fund expansion,\nstrengthen competitiveness, and develop new sources of growth in the\nfuture,\u201d Azis said. The quality of Mitratel\u2019s performance is also\nreflected in net cash flow from operating activities of Rp4.63 trillion,\ndemonstrating the company\u2019s ability to generate strong operational cash\nflow. This provides financial flexibility to continue making strategic\ninvestments while maintaining liquidity. As of the end of June 2026,\ncash and cash equivalents increased to Rp1.34 trillion, strengthening\nthe company\u2019s capacity to support long-term growth. In line with the\ntransformation strategy, Mitratel continues to expand the contribution\nof businesses beyond tower leasing. Construction services revenue\nincreased by 17.6% to Rp298.63 billion, driven by growth in Fiber Optic\nSolution, Technical Service Assistance, Managed Service, Mechanical\nElectrical Solution services, building permit processing, and various\nother digital infrastructure solutions. The company also holds non-tower\nleasing contracts worth approximately Rp567.27 billion, which are\nexpected to be realised within the next year, providing stronger revenue\nvisibility while reinforcing Mitratel\u2019s transformation towards a\nNext-Gen Tower Company. President Director of PT Dayamitra\nTelekomunikasi Tbk, Theodorus Ardi Hartoko, stated that the\ntransformation towards a Next-Gen Tower Company is a strategic step for\nthe company to strengthen competitiveness while creating new sustainable\nsources of growth. \u201cIn line with the strategic direction and\ntransformation of Danantara Indonesia and the Telkom Group, we continue\nto strengthen our business fundamentals through financial discipline,\nasset portfolio optimisation, and the development of increasingly\nintegrated digital infrastructure. The transformation towards a Next-Gen\nTower Company enables Mitratel to deliver more comprehensive solutions\nfor customers, expand growth opportunities, and support the acceleration\nof Indonesia\u2019s digital transformation. With an increasingly strong\nfoundation, we are optimistic about continuing to create sustainable\nlong-term value for all shareholders and stakeholders,\u201d he said.\nOperationally, Mitratel continues to solidify its leadership as the\nlargest telecommunications infrastructure company in Indonesia. As of\nthe end of June 2026, the company managed 40,563 telecommunication\ntowers, an increase of 2% compared to the previous year. The number of\ncolocations increased by 10.3% to 23,303, driving an increase in the\ntenancy ratio from 1.53x to 1.57x. On the fibre optic infrastructure\nside, the company\u2019s network has reached 59,239 kilometres, an increase\nof 8.8%, with billable fibre reaching 74,779 kilometres, growing 13.9%\nyear-on-year. This achievement further strengthens Mitratel\u2019s position\nas a digital infrastructure provider supporting equitable connectivity\nthroughout Indonesia. Going forward, Mitratel will continue to\naccelerate its transformation towards a Next-Gen Tower Company through\ntower portfolio optimisation, accelerated fibre optic network\ndevelopment, integrated digital infrastructure solution development, and\nthe use of technology to improve efficiency and service quality. With\nincreasingly strong fundamentals, maintained financial discipline, and\nthe support of the strategic direction of Danantara Indonesia and the\nTelkom Group, the company is optimistic about strengthening its\nleadership.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/profit-reaches-rp1-11-trillion-mtel-accelerates-business-growth-beyond-towers-1785927165",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}