Last 8,100
Change Today -150.00 / -1.82%
Volume 52.3M
TBIG On Other Exchanges
As of 5:14 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

tower bersama infrastructure (TBIG) Snapshot

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52 Week High
08/5/14 - $8,975
52 Week Low
12/17/13 - $5,300
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Average Volume 10 Days
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tower bersama infrastructure (TBIG) Details

PT Tower Bersama Infrastructure Tbk, together with its subsidiaries, provides telecommunications infrastructure for the placement of base transceiver station by telecommunications operators in Indonesia. The company plans, designs, deploys, manages, operates, and maintains tower infrastructures, as well as leases telecommunication towers. In addition, it provides distributed antenna system solution, which distributes signals inside buildings, such as malls and office building to telecommunication operators; hybrid energy solution; and telecommunication infrastructure services. As of September 30, 2013, the company owned and operated 9,830 telecommunication sites that served 16,017 tenants. PT Tower Bersama Infrastructure Tbk was founded in 2004 and is based in Jakarta, Indonesia.

521 Employees
Last Reported Date: 07/25/14
Founded in 2004

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tower bersama infrastructure (TBIG) Key Developments

PT Tower Bersama Infrastructure Tbk Reports Earnings Results for the Six Months Period Ended June 30, 2014

PT Tower Bersama Infrastructure Tbk reported earnings results for the six months period ended June 30, 2014. The company generated revenue and EBITDA amounting to IDR 1,581 billion and IDR 1,299 billion, respectively, for the six months ended 30 June 2014. This represents a 24.4% increase in revenue and a 24.8% increase in EBITDA versus the comparable six month period of 2013. Total debt as of 30 June 2014, valuing USD loans at their hedged exchange rate, was IDR 13,672 billion.

Tower Bersama Lines Up Funding Of $1.8 billion To Acquire XL Axiata's Telecom Towers

PT Tower Bersama Infrastructure Tbk (JKSE:TBIG) is raising funding of nearly $1.8 billion to acquire telecoms towers owned by PT XL Axiata Tbk (JKSE:EXCL). Tower Bersama's Financial Director Helmi Yusan Santoso said Tower Bersama has already received $1 billion in loans and now has the approval from stakeholders and the Financial Services Authority (OJK) to issue bonds and sustained bonds worth $500 million and $277.3 million, respectively. The official says Tower Bersama will release the sustained bonds portion in quarter 3 of 2014 or quarter 4 of 2014, saying, "The combination of the three financing streams will facilitate the acquisition of XL's towers." Although he did not disclose the exact number of XL's 8,000 towers that would be under offer or their value, Helmi said, Tower Bersama is planning to acquire XL's towers through an open bidding process. Helmi added, "We don't know the details of the offer yet. We have signed a non-disclosure agreement with XL, but we haven t received the terms of reference."

Nusantara Eyes Axiata’s Telecommunication Towers

PT Nusantara Infrastructure (JKSE:META) is planning to bid on PT XL Axiata Tbk (JKSE:EXCL)’s telecommunication towers. XL Axiata announced in July 2014 that it will sell some of its telecommunication towers to pay off its debt. A report by the Wall Street Journal said that XL Axiata is offering up to 2,000 towers in a bid to raise around $500 billion. Others planning to bid on the towers, include PT Solusi Tunas Pratama Tbk (JKSE:SUPR), PT Sarana Menara Nusantara Tbk (JKSE:TOWR), PT. Inti Bangun Sejahtera, Tbk (JKSE:IBST) and PT Tower Bersama Infrastructure Tbk (JKSE:TBIG). Ramdani Basri, President Director of Nusantara, said that the company has been seeking for a strategic opportunity to expand into the telecommunication tower businesses. “As an infrastructure company, of course, we’d like to keep expanding if there’s any offer from XL Axiata,” Ramdani said on July 17, 2014.


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Bakrie Telecom Tbk PT 50.00 0.00
Indosat Tbk PT 3,935 -15.00
XL Axiata Tbk PT 6,475 -25.00
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Valuation TBIG Industry Range
Price/Earnings 35.9x
Price/Sales 12.6x
Price/Book 10.0x
Price/Cash Flow 35.2x
TEV/Sales 7.8x

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