New Street Research - Mitratel (IDR935) Mitratel (Buy, IDR 740, +30%) Q2 25 Quick Take: Momentum expected to continue into 2H

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New Street Research

Chris Hoare

EUR 8755.00 For Business Accounts Only

Mitratel (Buy, IDR 740, +30%) Q2 25 Quick Take: Momentum expected to continue into 2H

Trends improved in Q2, supported by strong tower orders from Telkomsel and Indosat – largely driven by ex-Java rollout. Management appears upbeat on second half momentum, underpinned by the BTS pipeline and potential fiber M&A deals. Guidance was maintained.

30/07/2025 1 EN

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Mitratel

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Pan European Telecom Services and Cable

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Chris Hoare

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Mitratel (Buy, IDR 740, +30%) Q2 25 Quick Take: Momentum expected to continue into 2H

Global EM Towers - A Consistent Approach to EFCF and Shareholder Remuneration

EM Towers Q1 CY25 review: Steady as she goes

Meta Platforms (META, Buy, $775 target) Under the hood ad improvements still under appreciated by the Street

FCC Chairman Allegedly Forcing EchoStar to Sell AWS-4

DBS Makes Interest Payments

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