Jul 10, 2025 4:42 PM IST
US Stock Market LIVE Updates: Mitratel Is Said to Weigh Reviving $5.5 Billion Bersama Merger
Indonesian telecommunications tower company PT Dayamitra Telekomunikasi is considering reviving a merger with rival PT Tower Bersama Infrastructure, people familiar with the matter said, which would mark the second such attempt in a decade.
The companies, both listed in Jakarta, have held early talks with prospective advisers about the merits of a potential combination that could create an entity worth about 90 trillion rupiah ($5.5 billion), the people said, asking not to be identified because the deliberations are private.
Shares of Dayamitra, known as Mitratel, have fallen about 17% this year, giving it a market value of roughly 45 trillion rupiah. Tower Bersama’s stock has dropped about 4%, valuing it at 45.8 trillion rupiah.
