Mitratel Secures Shareholder Approval to Launch Rp 1 Trillion Buyback
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JAKARTA, Investortrust.id — PT Dayamitra Telekomunikasi Tbk, or Mitratel, received shareholder approval on Tuesday, Sept. 16, 2025, to conduct a share buyback of up to Rp 1 trillion within the next 12 months, underscoring efforts to stabilize its stock price and strengthen investor confidence. The extraordinary shareholders’ meeting also approved the appointment of a new independent commissioner.
Management said the program is aimed at ensuring the stock price reflects the company’s true value and performance, while providing flexibility to optimize excess cash and boost returns to shareholders.
The meeting also appointed Ibnu Sulistyo Riza Pradipto as independent commissioner, joining the refreshed board alongside President Commissioner Fadli Tri Hartono, Independent Commissioner Gunawan Susanto, Commissioner Ratu Ayu Isyana Bagoes Oka, Commissioner Mira Tayyiba, and Commissioner Faisal Amir Masduki.
Chief Executive Officer Theodorus Ardi Hartoko expressed gratitude to shareholders for their support and confidence. “This share buyback reflects Mitratel’s commitment to delivering optimal long-term value for investors. At the same time, the addition of new commissioners will strengthen governance and enhance collaboration between the board and management in executing future growth strategies,” he said in a press release on Wednesday, Sept. 17, 2025.
Theodorus emphasized that the decisions marked a milestone, reinforcing Mitratel’s achievements in recent years. The company has expanded its portfolio to more than 39,000 telecommunication towers across Indonesia, positioning it as the largest tower company in Southeast Asia. Its revenue has continued to grow, supported by long-term contracts with major domestic mobile operators.
Alongside business growth, Mitratel has placed environmental, social, and governance (ESG) principles at the center of its strategy. The company is developing “green towers” powered by renewable energy and energy-efficient technologies, supporting community development programs around its tower sites, and actively engaging in education, health, and local economic initiatives. On governance, Mitratel has strengthened risk management, transparency, and accountability in line with international standards to meet global investor expectations.
“With this decision, Mitratel not only reinforces its financial structure through the share buyback but also underscores its position as a company prioritizing sustainability and sound governance. Mitratel is confident that the combination of strong business performance, ESG commitment, and shareholder support will serve as a solid foundation to maintain leadership in Indonesia’s telecommunication infrastructure and expand its role regionally,” the company wrote.
Source: InvestingPro. Data as of time of publication.
According to InvestingPro, MTEL is trading at Rp 595, close to the lower end of its 52-week range of Rp 488 to Rp 695. The platform estimates the company’s fair value at Rp 725 per share, suggesting a potential upside of 21.9%. Analyst sentiment appears more optimistic, with 14 brokers setting an average target price of Rp 782.5, ranging from Rp 700 to Rp 955.
The valuation reflects Mitratel’s strong position as a leading telecommunications tower operator, supported by high gross profit margins and its status as a key player in Indonesia’s diversified telecommunication services sector.
However, the stock is currently trading at a relatively high price-to-earnings ratio compared with near-term earnings growth, and the company faces short-term obligations that exceed its liquid assets—factors that may weigh on investor sentiment.
On InvestingPro’s financial health scale, Mitratel scores “good performance,” with 4 out of 5 for profitability, 3 for growth and relative value, but lower ratings of 2 for cash flow health and price momentum, underscoring both the strength and vulnerabilities of its financial profile.
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