
MTEL spends IDR 650 billion on UMT
JAKARTA -PT Dayamitra Telekomunikasi Tbk (MTEL)expands its fibre optic portfolio by acquiring PT Ultra Mandiri Telekomunikasi (UMT), a subsidiary of PT PP Infrastruktur (PPI), for IDR 650 billion. Theodorus Ardi Hartoko, President Director of MTEL, claimed that UMT acquisition has a strategic value in reinforcing business ecosystem and maintaining market share. “The consistency in consolidating...