Tower Bersama Infrastructure eager for organic and inorganic expansion | Company data
(The Insider Stories) – Telecommunications infrastructure provider PT Tower Bersama Infrastructure (TBIG) is targeting an increase in tenant occupancy from 13, 708 to 17,058 subscribers in 2013, or 24.44% growth.
Tower Bersama President Director Herman Setyabudi says in a press conference he is optimistic the tower business in Indonesia is still attractive, with several investors planning to enter the market including venture company PT Northstar Pacific Capital via PT Retower Asia.
The Saratoga Capital unit is seeking to grow both organically and inorganically. For inorganic growth Tower Bersama has prepared US$300 million funds from a bond sale and generated internal cash. For inorganic plans Tower Bersama has loan commitments for US$900 million from 25 banks and is open to selling more global bonds.
Setyabudi said the company is keen to acquire more towers to expand business: “we are open to any offer from cellular operators or tower companies.”
As of 2012, Tower Bersama had 8,349 units after acquiring 3,300 towers from PT Indosat (ISAT), and 13,708 tenants, 72% of which were from the Telkom Group with the rest from Indosat and PT XL Axiata (EXCL).
Telkom reported to be selling Mitratel shares
PT Telekomunikasi Indonesia’s (TLKM) Finance Director Honesti Basyir said Telkom is considering selling shares of its unit PT Dayamitra Telkomunikasi (Mitratel) to potential investors or via an IPO, wire services report. It is considering selling Mitratel unit to a publicly listed tower firm – possibly Tower Bersama or PT Sarana Menara (TOWR).
Mitratel manages around 3,000 towers in Indonesia and is purchasing 14,000 more towers from its sister company, mobile operator PT Telkomsel.
