Starlink Operates in Indonesia, Sarana Menara (TOWR) Predicted to Continue Growing

TELECOMMUNICATION - JAKARTA. PT Sarana Menara Nusantara Tbk, a leading tower issuer in Indonesia, is projected to see positive growth in 2024. As a reminder, the company's revenue and net profit each increased by 6% in the first quarter of 2024, according to data from Kontan.co.id.

Christofer Kojongian, an analyst at Sucor Securities, stated that the company's non-tower business continues to be a significant growth driver. The non-tower business grew by 19% YoY, reaching IDR 965 billion.