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PT Tower Bersama Infrastructure Tbk/ADR
PT Tower Bersama Infrastructure Tbk/ADR is an Indonesian telecom tower company with over 18,000 towers, publicly traded since 2010.
PT Tower Bersama Infrastructure Tbk/ADR
PT Tower Bersama Infrastructure Tbk (TOWR) was founded in 2006 and went public on the Indonesia Stock Exchange in 2010, with an American Depositary Receipt (ADR) program listing on the OTC markets. The company's origin traces to infrastructure development in Indonesia's telecom sector, where it built and leased towers to operators such as Telkomsel, Indosat Ooredoo, and XL Axiata. The founding shareholder group includes private Indonesian investors. The firm's strategy focuses on tower ownership and lease operations, with revenue derived primarily from long-term lease agreements with mobile network operators. Its asset-class mix consists of telecom towers and supporting infrastructure, with some exposure to fiber-optic networks. Geographic operations are concentrated in Java, Sumatra, and other Indonesian regions, with funding for new builds coming from a mix of operational cash flow and debt placements. By 2022, PT Tower Bersama reported a total of 18,455 towers under management (per the firm's annual report, 2022). The company operates with a corporate structure rather than a family office, though its controlling shareholders have sometimes deployed wealth through private investment vehicles. In 2023, the firm completed a tower portfolio acquisition from a regional operator, expanding its footprint in eastern Indonesia (public record, 2023). A structural differentiator is PT Tower Bersama's status as a publicly traded infrastructure company with a controlling shareholder group, distinguishing it from pure-play tower REITs and private tower owners. Its ADR listing provides US investors indirect exposure to Indonesian telecom infrastructure, while the company's leverage profile and dividend policy (it has historically paid dividends) mirror a regulated utility more than a growth equity story. Succession and governance are shaped by Indonesian corporate law and the controlling shareholders' family ties, though exact ownership details remain opaque.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
Asia
Country
Indonesia
City
—
Corporate office
Indonesia
Sector focus
Frequently asked questions
Who controls PT Tower Bersama Infrastructure Tbk?
The majority shareholder is PT Sapta Karya Sejati, an Indonesian investment entity controlled by the Winarta family. As of the latest filings, this group holds a significant stake in the company (public record, 2022). Other institutional investors hold minority positions.
Does PT Tower Bersama operate as a family office or a public company?
It is a publicly traded company (IDX: TOWR) with a controlling shareholder group. The firm functions as a telecom infrastructure corporation, not a family office. The controlling family may have separate private investment vehicles, but Tower Bersama itself is not a dedicated family office.
What is the company's dividend policy?
PT Tower Bersama has historically paid dividends, distributing a portion of its net income to shareholders. The policy is approved by the board annually and disclosed in its financial statements (per the firm's annual reports). Dividend yields have varied depending on earnings and capital expenditure needs.
How many towers does PT Tower Bersama own?
At the end of 2022, the company reported 18,455 towers under management (per the firm's annual report, 2022). These towers are spread across Indonesia, with concentrations in Java and Sumatra. The company typically does not disclose tower counts more frequently than annual filings.
Which telecom operators are PT Tower Bersama's main customers?
The three major Indonesian mobile operators — Telkomsel, Indosat Ooredoo Hutchison, and XL Axiata — are the primary tenants on PT Tower Bersama's towers. Lease agreements are typically long-term, with multi-year terms and escalators. The company's revenue is tied to the number of tenants per tower and the lease rate.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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