JAKARTA. PT Sarana Menara Nusantara Tbk. (TOWR) still relies on its tower lease and fiber optic business to achieve its revenue target for this year of Rp 7.5 trillion, 15% higher than its record in 2019.
Deputy Managing Director of TOWR Adam Ghifari said that this year, his party is targeting to record a revenue of Rp 7.3 trillion to Rp 7.5 trillion.
Adam estimates that two-thirds of the revenue will come from the company's organic business, which are tower lease and fiber optics.
In the first semester of 2020, the company has leased 4,776 telecommunication towers and 6,600 kilometers of fiber optic cables. This, said Adam, has driven the growth of the company's revenue. (AM/AR)