PT Tower Bersama Infrastructure Plans New Business Line for Network Access Point Services
PT Tower Bersama Infrastructure Tbk (TBIG) aims to expand its business into Network Access Point (NAP) services, seeking shareholder approval on August 24, 2026. The initiative responds to increasing demand for connectivity beyond tower rentals, with an initial investment estimated at Rp 47.4 billion funded by internal cash reserves.
Theia Market Signal Identification - AI Assisted
TBIG is set to enhance its business model by entering the Network Access Point (NAP) sector, requiring approval from shareholders on August 24, 2026. This strategic shift aims to address the growing demand for broader connectivity solutions, utilizing existing assets including over 60,000 kilometers of fiber optic network and data centers.
The initial investment is projected at Rp 47.4 billion, sourced from the company's internal cash flow. TBIG's financial performance as of March 31, 2026, shows revenues of Rp 1.71 trillion and a net income of Rp 390.09 billion.
Analysts predict a stable performance for TBIG in 2026, with revenue growth of 0.8% and net profit increase of 0.4%, despite challenges in tenancy growth and the fiber segment. The company is rated overweight with a target price of Rp 1,800 per share, reflecting a forward EV/EBITDA of 12.3 times.
Comments