REPUBLIKA.CO.ID, JAKARTA - Publicly listed telecommunication tower provider, PT Tower Bersama Infrastructure Tbk (TBIG) plans to acquire XL Axiata's towers. The company's finance director, Helmy Yusman Santoso said the company would use fund from banking loan, Sustainable Public Offering (PUB) Phase II and global bond worth 500 million USD.
"We are serious in taking corporate action to support our future growth and the company's performance. If the price is reasonable, we will proceed with the bidding," Santoso said recently.
According to him, telecommunication industry grows fast along the increasing mobile data services. Hence, more telecommunication towers are needed to fulfill the demand.
TBIG's president director, Herman Setya Budi said the plan was efficient because company already had tenants. Tower Bersama is still able to acquire more towers in large numbers like Indosat towers in 2012.
The communications infrastructure builder have 10,572 telecommunication sites in March 2014, consists of 9,382 towers, 1,040 shelters and 150 distributed antenna system (DAS) networks. Company plans to build 1,650-2,310 new towers and seeking 3,000-3,200 new tenants.
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