New Street: Quick Hit: Protelindo Q2 20: Good results; Strong quarter for Indonesian Towers, stay Buyers
Protelindo (Sarana Menara) has reported a good set of figures for Q2 FY20. Revenues and EBITDA continued to grow more than 20% YoY (helped by M&A) and margins reached 86% like at Tower Bersama, which reported very strong Q2 figures four days ago.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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