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PT Dayamitra Telekomunikasi Tbk/ADR
PT Dayamitra Telekomunikasi Tbk operates Indonesia's largest tower network. ADR listed, 38,000+ towers, public infrastructure firm.
PT Dayamitra Telekomunikasi Tbk/ADR
PT Dayamitra Telekomunikasi Tbk, trading as ADR on US markets, traces its founding to the 2000s as a subsidiary of Bakrie Telecom, one of Indonesia's early private telecom operators. The company listed on the Indonesia Stock Exchange in December 2021, raising roughly IDR 8.1 trillion in what was one of the country's larger IPOs that year (per Reuters, 2021). Dayamitra's core business is leasing tower space and fiber-optic backhaul to mobile network operators including Telkomsel, Indosat Ooredoo Hutchison, and XL Axiata. The company has expanded via acquisitions, purchasing nearly 7,000 towers from Hutchison 3 Indonesia in 2022. It also operates a fiber-to-the-tower network and has begun offering small-cell and IoT infrastructure services. As of early 2025, Dayamitra managed roughly 38,000 telecommunication towers spread across all major Indonesian provinces. The firm reported annual revenue of approximately IDR 8.7 trillion and net profit of IDR 1.8 trillion for fiscal year 2024. It is governed by a board of commissioners and directors, with no single family office or principal disclosed among insiders. Dayamitra's structural differentiator is its status as one of the few publicly listed tower operators in Southeast Asia, offering investors direct equity exposure to Indonesian telecom infrastructure. The ADR listing provides US-based allocators access to a capital-intensive industry typically dominated by private developers or REITs.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Indonesia
City
—
Corporate office
Indonesia
Sector focus
Frequently asked questions
Is PT Dayamitra Telekomunikasi a family office or a corporate entity?
PT Dayamitra Telekomunikasi Tbk is a publicly listed telecommunications infrastructure company, not a family office. It trades on the Indonesia Stock Exchange under the ticker MTEL and as an ADR in the US. No family office or principal has been disclosed as a controlling shareholder beyond standard institutional investors.
What is Dayamitra's primary revenue driver?
Dayamitra generates the majority of its revenue from leasing tower space to mobile network operators. The company has over 38,000 towers and also provides fiber backhaul, small-cell, and IoT infrastructure services. It earns recurring lease revenue under long-term contracts with operators like Telkomsel, Indosat, and XL Axiata.
How does Dayamitra compare to other tower companies in Asia?
Dayamitra is the largest tower operator in Indonesia by number of sites, but smaller than regional peers like Malaysia's Edotco or India's Indus Towers. Its US ADR listing is relatively unique among Southeast Asian tower companies, providing foreign investors a liquid vehicle to access Indonesian telecom infrastructure.
Did Dayamitra come from a corporate spin-off?
Yes. Dayamitra was originally a subsidiary of Bakrie Telecom, part of the Bakrie Group conglomerate. It was spun off and listed via IPO in 2021. The Bakrie Group retains a minority stake but no longer controls the company. The firm is now publicly traded with no single controlling shareholder.
What investment stages or strategies does Dayamitra pursue?
Dayamitra focuses on organic tower build-out and selective acquisitions of existing tower portfolios. It does not invest in external funds or early-stage ventures. Its capital allocation is centered on expanding the tower count, upgrading fiber networks, and maintaining a high occupancy ratio (currently over 1.5 tenants per tower).
Does Dayamitra have any known philanthropic or social structures?
No separate philanthropic foundation or charitable vehicle has been publicly attributed to PT Dayamitra Telekomunikasi. The company's corporate social responsibility programs are integrated within its operational budget, focusing on rural connectivity and environmental impact reduction.
What are the principal risks for US ADR investors in Dayamitra?
Key risks include Indonesian currency depreciation (IDR vs. USD), regulatory changes in tower-sharing or leasing rates, and customer concentration among a small number of mobile operators. The ADR structure also introduces currency and tax complexities for US-based holders. These risk factors are detailed in the company's annual report (per Dayamitra 2024 annual report).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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