Mitratel (MTEL IJ): Fiber acquisition completed

Mitratel (MTEL IJ)
BUY / TP: IDR:820 (+22.4%)
Analyst: Chandra Pasaribu

Fiber acquisition completed
• Nature of the transaction
• UMT operating numbers
• Acquisition estimates at EV/EBITDA of 9.0x
• Re-iterate BUY as acquisition is fair