Potential merger between PT Dayamitra Telekomunikasi Tbk and PT Tower Bersama Infrastructure Tbk

By Global Infrastructure Sherpa · Jul 10, 2025

Merger Data Center announced Jakarta, Indonesia Jul 10, 2025

USD5.5M

Deal Value

PT Dayamitra Telekomunikasi Tbk (Mitratel) is considering reviving a merger with PT Tower Bersama Infrastructure Tbk, which could create an entity worth about $5.5 billion. Considerations about a potential merger are at an early stage and there?s no certainty there will be a deal.

Deal Analysis

PT Dayamitra Telekomunikasi Tbk (Mitratel) is considering a merger with PT Tower Bersama Infrastructure Tbk, potentially creating a telecommunications infrastructure giant in Indonesia valued at approximately $5.5 billion. This merger, currently in early stages with no guarantee of completion, would combine two significant players in the Indonesian tower market. The combined entity would likely possess a substantial portfolio of tower assets, potentially leading to increased market share and operational efficiencies. Should the merger proceed, it would represent a significant consolidation in the Indonesian telecommunications infrastructure sector. The resulting entity would be well-positioned to capitalize on the growing demand for data and connectivity in Indonesia, driven by increasing smartphone penetration and the expansion of 4G and 5G networks. However, regulatory scrutiny and integration challenges would be key considerations for the success of the merger.

Potential creation of a $5.5 billion telecommunications infrastructure entity.
Involves two major players: PT Dayamitra Telekomunikasi Tbk (Mitratel) and PT Tower Bersama Infrastructure Tbk.
Could lead to increased market share and operational efficiencies.
Merger is currently in early stages with no certainty of completion.

Market Context: The Indonesian telecommunications market is experiencing rapid growth, driven by increasing demand for data and connectivity. This is fueled by rising smartphone adoption and the ongoing expansion of 4G and 5G networks, creating a need for robust telecommunications infrastructure.

Source Intelligence

KEY DETAILS

The merger plan fell apart in 2015. Quote: This would be the second attempt to merge the two tower firms, after a previous plan fell apart in 2015. Mitratel owns and manages more than 39,400 towers. Quote: Mitratel ? which is about 72% controlled by PT Telkom Indonesia Persero ? owns and manages more than 39,400 towers, according to its latest annual report. Tower Bersama has more than 23,000 telecom sites. Quote: Tower Bersama, established in 2004 and listed on the Jakarta stock exchange six years later, has more 23,000 telecom sites, according to its website.

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Deal Size

a potential combination that could create an entity worth about IDR 90 trillion ($5.5 billion)

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Location

The companies, both listed in Jakarta, have held early talks with prospective advisers about the merits of a potential combination

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Announcement

Mitratel Reportedly to Weigh Reviving $5.5 Billion Bersama Merger Published on 07/10/2025 at 07:13 am EDT

PARTIES MENTIONED IN SOURCE

PT Dayamitra Telekomunikasi Tbk involved

"Indonesian telecommunications tower company PT Dayamitra Telekomunikasi Tbk. (IDX:MTEL) is considering reviving a merger with rival PT Tower Bersama Infrastructure Tbk (IDX:TBIG)"

PT Tower Bersama Infrastructure Tbk involved

"Indonesian telecommunications tower company PT Dayamitra Telekomunikasi Tbk. (IDX:MTEL) is considering reviving a merger with rival PT Tower Bersama Infrastructure Tbk (IDX:TBIG)"

PT Telkom Indonesia Persero owner

"Mitratel ? which is about 72% controlled by PT Telkom Indonesia Persero"

Danantara owner

"Indonesia?s government holds roughly 52% Telkom through the nation?s sovereign wealth fund Danantara."

Bersama Digital Infrastructure Asia Pte owner

"The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya."

Provident Capital owner

"The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya."

PT Saratoga Investama Sedaya owner

"The company is majority-owned by Bersama Digital Infrastructure Asia Pte, a platform controlled by Provident Capital and PT Saratoga Investama Sedaya."

Macquarie Group Ltd. investor

"Macquarie Group Ltd.?s asset management arm also holds a significant minority stake in Bersama Digital after it invested around $610 million in 2022."

high quality Enriched Feb 19, 2026