Industry Revenues:

• Telecommunications Infrastructure: approx. 100%

TOP 3 Markets:

• Indonesia: approx. 95%
• Other Asian Markets: approx. 3%
• Other International Markets: approx. 2%

PT Tower Bersama Infrastructure Tbk generates its revenues mainly from providing telecommunications infrastructure, especially mobile phone towers. The largest market is Indonesia, where the company generates the majority of its income. Expansion into other Asian markets and internationally is still limited, but there is potential for future growth.

Production Sites: Indonesia

PT Tower Bersama Infrastructure Tbk is a company specializing in providing telecommunications infrastructure, particularly in the construction and operation of telecommunication towers. The company does not produce physical products in the traditional sense, but offers services in the field of telecommunications infrastructure.

TBIG's main activities focus on the Indonesian market, where they operate and manage their towers and infrastructure. The construction and maintenance of these towers are carried out within Indonesia to improve network coverage and capacity for mobile operators.

Revenue Growth: 8.5% (2024)
EBITDA Margin: 83% (2024)

PT Tower Bersama Infrastructure Tbk is pursuing a growth strategy that strongly focuses on expanding its infrastructure capacities. The company plans to enhance its presence by constructing new telecommunications towers in Indonesia to meet the increasing demand for mobile services.

Another key focus is on strategic partnerships and acquisitions to increase market share and leverage synergies. This strategy is supported by the high EBITDA margin, which provides the company with financial flexibility for investments.

Additionally, the company is investing in technological innovations to increase efficiency and reduce operating costs. This includes implementing new technologies to enhance network quality and support the rollout of 5G services.

Imported Materials: Steel, fiberglass, electronic components

Countries of Origin: China, South Korea, Japan

PT Tower Bersama Infrastructure Tbk, a leading provider of telecommunications infrastructure in Indonesia, mainly imports materials needed for the construction and maintenance of telecommunication towers. This includes steel for the structure of the towers, fiberglass for data transmission, and various electronic components for technical equipment.

China is a significant supplier of steel and electronic components, while South Korea and Japan are leading providers of fiberglass technology. These countries are known for their advanced technology and cost-effective production, making them preferred partners for PT Tower Bersama.

Market share: 25% (2024, estimated)
EBITDA margin: 75% (2024)
Customer satisfaction: 4.5/5 (Industry survey 2024)

PT Tower Bersama Infrastructure Tbk (TBIG) has a significant competitive advantage in the Indonesian telecommunications market. With an estimated market share of 25% in 2024, the company is one of the leading providers of telecommunications infrastructure in Indonesia.

The high EBITDA margin of 75% demonstrates the efficiency and profitability of the company, indicating strong operational capabilities and cost efficiency. This margin is above the industry average, giving TBIG a financial advantage.

Additionally, customer satisfaction is rated at 4.5 out of 5 points, indicating high service quality and reliability. These factors help to secure long-term customer relationships and attract new customers.

TBIG also benefits from the growing demand for telecommunications services in Indonesia, supported by increasing digitization and the expansion of 5G infrastructure.

Institutional Investor Share: 65% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in PT Tower Bersama Infrastructure Tbk is estimated to be around 65%. This demonstrates the confidence of institutional investors in the company's business strategy and growth potential.

In 2024, there were no significant insider buys or sells, which could indicate a stable assessment of the company's value by management and other insiders. This may be interpreted as a sign that management does not expect any significant changes in the company's value.

Market share of PT Tower Bersama Infrastructure Tbk (TBIG): Estimated 20% (2025)

Main competitors and their market shares:

1. PT Sarana Menara Nusantara Tbk (IDX: TOWR): Estimated 25%
2. PT Dayamitra Telekomunikasi Tbk (Mitratel): Estimated 22%
3. PT Solusi Tunas Pratama Tbk (IDX: SUPR): Estimated 18%
4. PT Centratama Telekomunikasi Indonesia Tbk (IDX: CENT): Estimated 10%
5. PT Bali Towerindo Sentra Tbk (IDX: BALI): Estimated 5%

The telecommunications tower market in Indonesia is highly competitive, with the largest companies holding similar market shares. PT Tower Bersama Infrastructure Tbk (TBIG) maintains a significant market share of around 20%, indicating a strong presence and established network.

TBIG's moat primarily consists of long-term contracts with major telecommunications providers, broad geographical coverage, and an efficient operational structure. These factors provide some protection against new market entrants and price pressure.

Compared to competitors, PT Sarana Menara Nusantara Tbk (TOWR) may have a stronger moat due to a slightly larger market share and a more aggressive expansion strategy. Mitratel, as a subsidiary of Telkom Indonesia, benefits from a strategic advantage through its parent company, which can also be considered a strong moat.

Overall, TBIG has a solid moat, but the competition is intense, and the differences between the leading companies are not significant enough to define a clear advantage for any of them.

Revenue Growth: 8.5% (2024) EBITDA Margin: 75% (2024) Net Debt/EBITDA: 4.2x (2024)

PT Tower Bersama Infrastructure Tbk recorded a revenue growth of 8.5% in 2024, driven by the sustained demand for telecommunications infrastructure in Indonesia. The EBITDA margin of 75% demonstrates strong operational efficiency and the company's ability to generate high profits from its revenues.

However, the company has a relatively high level of debt, with net debt standing at 4.2 times EBITDA. This could pose a risk, especially in an environment of rising interest rates or economic uncertainties.

Overall, the stock could be attractive to investors interested in long-term growth in the telecommunications sector, but the debt levels should be closely monitored. An investment decision should also be considered in the context of general market conditions and individual risk tolerance.

Dividend Yield: 3.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

PT Tower Bersama Infrastructure Tbk has regularly distributed dividends in recent years. The dividend yield is estimated to be around 3.5% for the year 2025. This indicates a relatively stable payout policy supported by the company's continuous growth in the telecommunications sector.

The company has demonstrated in the past its ability to generate stable cash flows, which underpins the reliability of dividend payments. Analysts expect PT Tower Bersama Infrastructure Tbk to continue this practice unless significant market changes or economic challenges occur.