Sarana Menara Nusantara (TOWR IJ) (Buy) - Adjust FY25-27F earnings by ~2.3-5.7%
EWTOWR is set to conduct a rights issue by offering...
TOWR is set to conduct a rights issue by offering...
Indonesia’s tower companies: TOWR IJ, TBIG IJ and MTEL IJ (all rated Buy) have...
Indonesia’s major telco companies...
MTEL has released its 1Q25 results, which were in line with our projections...
ISAT released expected 1Q25 results...
Telkom has released 1Q25 results...
We remain positive on the long-term organic...
Telkom has released its consolidated...
We remain positive on the tower sector’s long-term...
Across major telcos, we anticipate growing efforts to foster a healthier market environment.
EXCL and FREN (FREN IJ, Not rated) had in 2024 officially announced a definitive agreement for a proposed merg
2024 was a challenging year for the major telcos (as well as for the passive infrastructure companies such as
ISAT released expected 4Q24 results, with headline profit of IDR1.0tn (-10% q-q).
XL released its FY24 results which showed punchy performance.
Over the past 18 years (i.e. since the start of intense cellular sector competition in Indonesia; 2007-2024),