Indonesia's 3 largest telecom tower companies are expanding - Moodyâ€™s Investors
Published By : 11 Feb 2015 | Published By : QYRESEARCH
Moody's Investors of Indonesia has said that three largest Indonesian telecom tower companies are expanding the level of their market share and the scale of their operations as Indonesia’s telecom industry continues to strengthen.
Nidhi Dhruv, Assistant Vice President and an Analyst of Moody's Investors, said that Indonesia’s tower industry has observed good development in a rapid timeframe amid a regulatory and business environment that is very supportive. Dhruv added that the market is expecting the largest independent tower operators in the country to acquire additional assets and resources from Indonesia telecom operators.
The organic growth of Indonesian tower companies is also expected to remain robust in the coming days as the companies are continuously receiving orders for building towers for leading Indonesian telecom companies so as to expand and strengthen their 3G and LTE networks, adds Dhruv.
Dhruv was speaking during the release of a new report published by Moody's investors that sheds light on the Indonesian telecoms tower industry.
The Moody’s report states that the Indonesian telecom tower industry is at a point of inflection, with the major telecom operators of the country likely to dispose of additional assets of telecom tower over the next year and a half.
Moody's expects the three largest telecom companies of the country - Solusi Tunas Pratama (STP), Profesional Telekomunikasi Indonesia, and Tower Bersama Infrastructure (TBI) to come ahead through active bidding for these portfolios as and when they come for sale in the market.
Currently, there are nearly 72,000 telecoms towers in Indonesia according to Moody's estimates, out of which nearly 45% are owned by STP, Protelindo, and TBI, the three chief Indonesian telecom companies.