Michaela McGie
Rookie
- Jan 5, 2015
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Telecommunications tower company PT Tower Bersama spend no less than Rp 2 trillion (US$161 million) for expansion next year to meet the country’s growing demand for telecommunications towers.
TBIG finance director Helmy Yusman Santoso said that his firm would add between 1,500 and 2,000 new towers next year, with a budget allocation of around Rp 1 billion for each tower.
“We allocate around Rp 2 trillion from our internal cash for organic growth next year,” he said earlier this week.
TBIG, which had a total of 11,686 telecommunications towers as of September this year, foresees good growth next year.
“Over the last two to three years, we have seen more organic growth than non-organic. Next year alone, we estimate that we will see at least the same growth as this year,” TBIG president director Herman Setya Budi said.
Research firm Frost & Sullivan has predicted that the number of telecommunications towers in the country will grow by 8 percent annually, hitting 89,409 units next year, up from 55,972 units in 2011.
TBIG finance director Helmy Yusman Santoso said that his firm would add between 1,500 and 2,000 new towers next year, with a budget allocation of around Rp 1 billion for each tower.
“We allocate around Rp 2 trillion from our internal cash for organic growth next year,” he said earlier this week.
TBIG, which had a total of 11,686 telecommunications towers as of September this year, foresees good growth next year.
“Over the last two to three years, we have seen more organic growth than non-organic. Next year alone, we estimate that we will see at least the same growth as this year,” TBIG president director Herman Setya Budi said.
Research firm Frost & Sullivan has predicted that the number of telecommunications towers in the country will grow by 8 percent annually, hitting 89,409 units next year, up from 55,972 units in 2011.
