JAKARTA: Telecommunication tower provider, PT Tower Bersama Infrastructure Tbk, that is controlled by Indonesian businessman Edwin Soeryadjaya, plans to add up 400 new telecommunication towers in 2Q/2011.Tower Bersama Chief Financial Officer Helmy Yusman Santoso stated the expansion will be conducted through constructing new tower and acquiring towers from similar companies.To run the plan, he continued, the company needs US$30 million which will be taken from internal cash and banking loan. The company sets US$120 million as it capital expenditure.To date, it has received orders of 500 towers where 50% from them are from PT Telkomunikasi Selular (Telkomsel). Telkomsel and its parent PT Telekomunikasi Indonesia Tbk are Towers main customers. In 1Q/2011, both companies orders contributed 48.4% from Towers total revenue.In 1Q/2011, the company booked IDR214 billion net profit, skyrocketing 130% from the same period last year. Number of tenants increased by 356 to 5,085 tenants than last year.Analysts predict cellular operators might need 50,000 telecommunication towers in the next 5 years. We have a big potential to grow.In 2010, Tower Bersama recorded IDR326.73 billion net profit or rose 35.76% from IDR240.66 billion in 2009. Revenue surged by 96.67% to IDR671.36 billion from IDR341.38 billion.For 2011, it targets IDR1 trillion revenue or 48.95% higher than last year. Earnings before EBITDA is targeted at IDR800 billion or 56.25% higher than last year position at IDR512 billion.Market response the news positively, thus on yesterday trading the TBIG-coded share closed at IDR2,275 or rose 1.11% and to form market capitalization of IDR10.36 trillion.Bakrie Telecom proposed bondIn other development, PT Bakrie Telecom Tbk is studying the possibilities to issue bond as a way to finance it 2012s capital expenditure at US$200 million and also to refinance bond debt at IDR650 billion due next year.Per April 2011, the company has used US$50 million or 25% from total US$200 million capex to expand network. We also open the opportunity to consolidate with other party, said Bakrie Telecom Director of Finance Jastiro Abi.As for 1Q/2011 achievement, he continued, company expanses practically bigger amid to investment in broadband wireless and bond issuance in January 2011.The company expects it has started to enter cellular market in 2012. (T05/wiw)
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