Tower operator PT Tower Bersama Infrastructure Tbk (TBIG) has agreed to acquire 100% shareholding PT Mitrayasa Sarana Informasi (Infratel), a privately owned independent telecommunications tower provider based in Jakarta. Following the closing of this acquisition, Infratel will become a wholly-owned subsidiary of Tower Bersama. Infratel’s tower portfolio consists of 263 towersites and 332 shelter-only sites, with an aggregate of 672 tenancies.
This acquisition will add more than 10% to Tower Bersama’s revenue.
“Infratel is an independent tower provider that has good relationships with telecommunication operators in Indonesia, as reflected by the quality of its tower portfolio. About 92% of Infratel’s tenancies are from the four largest Indonesian telcos and its portfolio has an average remaining contract life of over eight years,” said Herman Setya Budi, President Director and Chief Operating Officer of Tower Bersama.
“We are very pleased with our core organic growth business since almost all of our growth in 2011 has come from the four largest Indonesian telcos."
Disclosure: No position at the stock mentioned above.
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