PT Dayamitra Telekomunikasi Tbk. (IDX:MTEL) signed a Sales & Purchase Agreement to acquire 6,000 telecommunication towers of Telkomsel from PT Telekomunikasi Selular for IDR 10.3 trillion on July 29, 2022. In addition to the agreement to transfer ownership of telecommunication towers, PT Telekomunikasi Selular also agreed on a new Tower Construction Order Commitment fromPT Telekomunikasi Selular to PT Dayamitra Telekomunikasi Tbk.

for a total of 1,000 telecommunications towers in the next three years, as well as several other business initiatives such as the use of IoT (Internet of Thing), Green Energy services and other New Ecosystem Tower Businesses. Overall, the total telecommunication towers owned by PT Dayamitra Telekomunikasi Tbk reach more than 34,800 units. HSBC acted as sole financial advisor to PT Telekomunikasi Selular in the transaction.