Tower Bersama Infrastructure Owned By Conglomerates Edwin Soeryadjaya And Sandiaga Uno Raise Revenue Of IDR 6.18 Trillion And Profit Of IDR 1.54 Trillion In 2021

Illustration. (Photo: Pixabay)

JAKARTA - The tower company owned by conglomerates Edwin Soeryadjaya and Sandiaga Uno, PT Tower Bersama Infrastructure Tbk. (TBIG) recorded revenue of IDR 6.18 trillion, with EBITDA of IDR 5.42 trillion throughout 2021.

TBIG CEO Hardi Wijaya Liong said, As of December 31, 2021, TBIG had 39.088 rentals and 20.578 telecommunications sites. The company's telecommunications sites consist of 20,466 telecommunication towers and 112 watershed networks.

With the total number of rentals on telecommunications towers of 38.976, the company's tenancy ratio is 1.90.

"2121 was a year of record growth, with strong organic growth and acquisitions of a tower portfolio. In 2021, we added 7.633 gross leases consisting of 4.348 telecommunication sites and 3.285 collocations to our portfolio," Hardi said in his official statement, quoted on Tuesday, March 22.

Hardi continued, as of December 31, 2021, the company's total loans, if hedged US dollar-denominated loans were measured using the hedging rate, were IDR 27.9 trillion and total senior loans were IDR 5.3 trillion. With a cash balance of IDR 629 billion, the total net loans were IDR 27.3 trillion and TBIG's total net senior loans were IDR 4.7 trillion.

Using annualized fourth quarter 2021 EBITDA, the net senior borrowings to EBITDA ratio is 0.8 times and the total net borrowings to EBITDA is 4.7 times.

TBIG Chief Financial Officer Helmy Yusman Santoso said the company has a conservative debt structure, with fully hedged funding sources, diversified funding sources, and commitments on the availability of undisbursed loans.

At the end of October, TBIG also set a global bond offering with a tenor of 5.5 years and a total amount of 400 million US dollars with an interest rate of 2.80 percent.

"In addition, we also continue to regularly access the rupiah bond market through the Sustainable Rupiah Bond V program which is valid until August 2023," said Helmy.

For information, Tower Bersama scored IDR 6.17 trillion in revenue throughout 2021. This revenue increased 15.99 percent from IDR 5.32 trillion at the end of 2020.

The net profit attributable to owners of the parent entity will also grow to IDR 1.54 trillion in 2021. This number is up 53.42 percent compared to last year's IDR 1 trillion.