PT Tower Bersama Infrastructure Tbk (TBIG) Completes the Purchase and Transfer of 3,000 Towers from PT Inti Bangun Sejahtera Tbk (IBST)

Posted on 9th April 2021

JAKARTA, 9 April 2021 – PT Tower Bersama Infrastructure Tbk. (“TBIG” or the “Company”) today announces that its subsidiary, PT Tower Bersama (“TB”), has completed the sale and purchase and transfer of 3,000 towers from PT Inti Bangun Sejahtera Tbk. (“IBST”), for a consideration of IDR 3,975 billion (equivalent to USD 280 million). The transaction was funded by internal funds and through existing bank facilities.

“We are pleased to announce the completion of the acquisition of the 3,000 tower sites from IBST. This acquisition adds additional revenue and EBITDA to our business.  We continue to focus on delivering strong financial and operational results and acquisitions of high quality tower portfolios complement our organic growth strategy,” commented Hardi Wijaya Liong, TBIG’s Chief Executive Officer.

As of 30 September 2020, TBIG had 31,703 tenants and 16,215 telecommunication sites. The Company’s telecommunication sites comprised of 16,093 telecommunication towers and 122 DAS networks. With total tower tenants amounting to 31,581 on tower sites, the Company’s tenancy ratio was 1.96.

 

About PT Tower Bersama Infrastructure Tbk:

PT Tower Bersama Infrastructure Tbk (“TBIG”) is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia. TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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