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Indonesia's Mitratel spends $112m on cell towers acquisition

Of the 803 towers acquired, 562 towers or 70% are located outside Java. While the remaining 30% or 241 towers are located in Java.

By TTC Newsroom

3 Mins

December 06, 2023 | 3:52 AM GMT

PT Dayamitra Telekomunikasi Tbk (Mitratel; MTEL) has acquired 803 towers owned by PT Gametraco Tunggal for Rp1.75 trillion (US$112 million). With this acquisition, the number of MTEL tenants increased by 1,327 tenants.

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