TOWR Ramps up Growth in 2019

By Editorial Team 16/08/2019
Summary

PT Sarana Menara Nusantara Tbk continues to pursue organic growth. The TOWR-stock coded company Deputy President Director Adam Gifari said it eyed 3,000 new tower rental points in the pipeline in 2019. In the first half, TOWR obtained 1,900 points in total, consisting of build-to-suits (tower building contracts) and tower lease contracts from other companies (collocation).

"We already received some orders and will complete them in the second half of 2019," Adam said as quoted by Kontan, Sunday (8/11). In detail, he said there were 1,000 tower rentals, consisting of 80 percent collocation and 20 percent built-to-suit. With such achievement, the company sees the organic growth is at its best this year. Moreover, the rental points rose 46 percent in the first half of 2019 year-on-year (YoY) from 1,100 locations in 2018.

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