Dayamitra Eyes Merger with Tower Bersama in Talks for $5.5 Billion Deal
Deal News | Jul 10, 2025 | EIN
Indonesian telecommunications giants PT Dayamitra Telekomunikasi (Mitratel) and PT Tower Bersama Infrastructure are back at the negotiating table, exploring a potential merger to forge a telecom behemoth valued at approximately $5.5 billion. With the market values closely matched at around 45 trillion rupees each, the proposed consolidation reflects a broader trend within the sector towards consolidation. This would mark the companies' second attempt at uniting, following unsuccessful talks in 2015. Amidst an industry-wide wave of mergers, including the significant combinations of PT XL Axiata and PT Smartfren Telecom, as well as CK Hutchison Holdings Ltd. with Qatar's Ooredoo QPSC, this merger aligns with efforts to bolster infrastructure capabilities and streamline operations in Indonesia's competitive telecom landscape.
Sectors
- Telecommunications
- Infrastructure
Geography
- Indonesia – Both companies involved in the merger talks—PT Dayamitra Telekomunikasi and PT Tower Bersama Infrastructure—are based in Indonesia, highlighting the regional focus of the potential merger.
Industry
- Telecommunications – The article centres on two major players—PT Dayamitra Telekomunikasi and PT Tower Bersama—in Indonesia's telecommunications sector contemplating a merger.
- Infrastructure – Involves companies owning and managing infrastructure assets such as communications towers, integral to the operations of telecom companies.
Financials
- 90 trillion rupees ($5.5 billion) – Estimated worth of the proposed merger between PT Dayamitra Telekomunikasi and PT Tower Bersama Infrastructure.
- 45 trillion rupees – Market value of PT Dayamitra Telekomunikasi.
- 45.8 trillion rupees – Market value of PT Tower Bersama Infrastructure.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PT Dayamitra Telekomunikasi Tbk (Mitratel) | Target Company | Company | An Indonesian telecommunications company with a network of 39,000 towers, engaged in the construction and rental of communication towers. |
| PT Tower Bersama Infrastructure Tbk | Target Company | Company | An Indonesian telecommunications company with 23,000 towers, part-owned by Bersama Digital Infrastructure and Macquarie Group. |
| Bersama Digital Infrastructure Asia Pte | Parent Company | Company | Parent company of PT Tower Bersama Infrastructure, controlled by Provident Capital and PT Saratoga Investama Sedaya. |
| Macquarie Group Ltd. | Minority Stakeholder | Company | Holds a significant minority stake in PT Tower Bersama Infrastructure. |
| Indonesian Government | Shareholder | Government | Through the national welfare Fund Danahta, owns 52% of PT Dayamitra Telekomunikasi. |