Oct 12, 2011

Solusi Tunas to add 100 towers

Newly listed company PT Solusi Tunas Pratama Tbk is ready to add 100 telecommunication towers with an investment of Rp100 billion. 
President Director Nobel Tanihaha at the company said the operator is underway to construct 100 towers in Jabodetabek. He expects the roll out will be completed by end of this year.
"If we can't realize acquisition, at least we still have additional 100 towers," he said during a trading debut at Indonesia Stock Exchange yesterday.  
The additional 100 towers are expected to be a growth engine of the company's revenue next year. One tower is available for three to four tenants. With 100 towers, Solusi Tunas could get 300-400 tenants.

Disclosure: No position at the stock mentioned above.  

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