JAKARTA - During the three months ended 31 March 2021, PT Tower Bersama Infrastructure Tbk (TBIG) generated revenue and EBITDA amounting to IDR 1,422 billion and IDR 1,239 billion, respectively.
As of 31 March 2021, TBIG had 32,612 tenants and 16,501 telecommunication sites. The Company’s telecommunication sites comprised 16,390 telecommunication towers and 111 DAS networks. With total tower tenants amounting to 32,501 on tower sites, the Company’s tenancy ratio is 1.98x.
“We are pleased to report another robust quarter of organic growth, adding 811 gross tenancies, consisting of 252 telecommunication sites and 559 collocations. The continued growth in collocation orders has resulted in our highest tenancy ratio to date of 1.98x. Our business has continued to demonstrated its resilience with robust organic growth as we manage through the on-going COVID-19 pandemic,” remarked Hardi Wijaya Liong, CEO of TBIG.
Total gross debt as of 31 March 2021, valuing USD loans at their hedged exchange rate, was IDR 26,834 billion and gross senior debt was IDR 11,577 billion. The gross debt and gross senior debt increased in 1Q2021 due to draw down of bank loan to fund the 3,000 tower asset purchase from PT Inti Bangun Sejahtera Tbk (“IBST”) which were held as cash balance pending completion of the transaction at the beginning of April 2021. (LM)