Menara Company Of Djarum Group Owned By Conglomerate Hartono Brothers Budgets IDR 800 Billion Capital Expenditure, Targets 6 Percent Revenue Growth

JAKARTA - The Menara company of the Djarum Group owned by the Hartono Brothers conglomerate, PT Solusi Tunas Pratama Tbk. (SUPR) targets revenue growth of 5-6 percent in 2022.

President Director of Solusi Tunas Pratama Juliawati Gunawan Halim said, after the acquisition by PT Professional Telekomunikasi Indonesia (Protelindo), SUPR will continue to focus on its main business.

"We are targeting revenue growth in the range of 5-6 percent this year," said Juliawati in the SUPR incidental public expose, Tuesday, March 1.

Furthermore, Juliawati said, SUPR targets the addition of towers to grow in the range of 400 towers, with tenant growth at 600-700 tenancy gross this year. Until now, Juliawati said SUPR has 6,900 towers, with rentals in the range of 12,800 at the end of December 2021.

"This year we are also monitoring the merger of Indosat and Hutchinson, we are monitoring the impact on us," she said.

Meanwhile, in 2022, SUPR has budgeted capital expenditure (capex) in the range of IDR 700-Rp 800 billion to support the addition of the company's towers. The plan is that this capex will be funded from the company's internal cash flow and bank loans.