New Street: EM Towers Q3 CY2022 review: A decent quarter for the EM space, a strong performance in Africa
Q3 was a decent quarter overall for EM Tower companies. In Indonesia, headline growth slowed due to TBIG’s 2012 contract expiration but was otherwise healthy on an organic basis, up mid-single digits. There was a small slowdown in top line trends for Indus and China Tower, but performance was broadly in line with our expectations.
Sarana Menara Nusantara Tbk PT. PT Sarana Menara Nusantara Tbk is an Indonesia-based company engaged in telecommunications infrastructure industry. The Company owns and operates tower sites and repeater sites for lease to wireless communications companies in Indonesia through its subsidiary, PT Profesional Telekomunikasi Indonesia (Protelindo). As of December 31, 2011, Protelindo owned and operated 6,363 tower sites (6,325 tower sites and 38 indoor repeater sites) located all over Indonesia, with its concentration of tower sites in Java, Sumatra, Sulawesi and Kalimantan.
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