PT Dayamitra Telekomunikasi Tbk/ADR

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.