PT Profesional Telekomunikasi Indonesia ('Protelindo') was established in 2003 and has become the largest independent tower owner and operator in Indonesia. Protelindo owns and operates 28,698 telecommunication tower locations with more than 53,975 tenants in Indonesia over 70,000 kms of billable tower fiber and 9.000 VSAT throughout Indonesia, mainly in the areas of Sumatra, Java, Bali, Kalimantan and Sulawesi. (Status 4Q21).
Since 2008, Protelindo's shares of 99.99% have been owned by PT Sarana Menara Nusantara Tbk ('SMN'). All business activities and SMN business operations are carried out through Protelindo. On March 8, 2010, SMN completed its initial public offering of shares and is now listed on the Indonesia Stock Exchange (IDX) with the stock code 'TOWR'.
Protelindo’s primary business is leasing space on its multi-tenant tower sites to major wireless operators in Indonesia pursuant to long term lease agreements. This leased space consists of both vertical space on the tower, on which our customers can install radio frequency antennas and microwave antennas, as well as ground space at each site for our customers’ shelters and cabinets that house electronic equipment and power supplies. Our tower portfolio is the largest in Indonesia among independent tower operators and boasts the broadest geographic footprint.
Our geographically diversified tower portfolio offers coverage across the entire Indonesian archipelago, thereby strengthening our position as the preferred tower provider able to address the needs of national, regional, local and emerging wireless communication company operators.
Protelindo operates independently from the wireless communication operators and has a diversified customer base. Our key customers include the major telecommunications operators in Indonesia.
During 2020, during the early stages of the pandemic, Protelindo received an affirmation on the Standard & Poor's Corporate Credit Rating, namely BBB (with a stable outlook), an upgrade to the Fitch rating to BBB/AAA (with a stable outlook), and an affirmation on Moody's rating, which remained Baa3 ( with stable outlook).
Given the critical role the telecom sector played in allowing life to continue under Covid restrictions and the sustained investments by the operators as a result, our business continued at a high level in 2021.
Ferdinandus Aming Santoso