Tower Bersama Group

What Tower Bersama Group does

PT Tower Bersama Infrastructure Tbk (TBIG), the listed holding company of Tower Bersama Group, is one of Indonesia's largest independent telecommunications tower operators, managing more than 24,000 tower sites across the archipelago. Established in 2004 and listed on the Indonesia Stock Exchange on October 26, 2010, TBIG generates revenue through long-term (typically 10–15 year) colocation and tower-sharing agreements with Indonesian mobile network operators, alongside Distributed Antenna System (DAS) deployments and supporting infrastructure services. Its technology stack is physical-asset-heavy — steel tower structures, RF site infrastructure, DAS hardware, and an integrated Quality, Health, Safety, and Environment (QHSE) management framework certified across ISO 9001, ISO 31000 (LRQA-assessed in October 2024), ISO 14064, ISO 37001, and TCFD-aligned climate reporting, with a Net Zero 2040 roadmap.

TBIG's business model is B2B infrastructure-as-a-service for telecom carriers: enterprise sales teams negotiate site-specific colocation and lease agreements priced off tower height, location, capacity, and lease tenure rather than publicly disclosed rate cards. Demand is driven by Indonesian mobile operators' 4G/LTE and 5G rollout requirements, where sharing TBIG's tower portfolio materially reduces their capex versus operator-owned build. Revenue is therefore predominantly subscription-style and contracted, supporting the FY2025 results of IDR 6,909.6 billion revenue, IDR 5,940.5 billion EBITDA (86.0% margin), and IDR 1,426.8 billion net profit. The company is headquartered in Jakarta, holds an international BBB-/Stable credit rating from Fitch Ratings, and operates within a concentrated customer universe of Indonesian telecommunications carriers.

Operationally, TBIG distributes services exclusively through direct enterprise sales to carrier network planning and procurement teams, with no reseller or marketplace channels. Strategic priorities visible in 2025–2026 include capital-markets activity (Rupiah bond issuance in December 2025 and a planned Global Notes issuance disclosed in June 2026), ongoing share buybacks, ESG positioning through its Net Zero 2040 roadmap, and ecosystem engagement via industry events such as ZTE Day Indonesia 2026. The customer base is narrowly concentrated among Indonesian telecom operators, creating high counterparty dependency despite the long contract durations that ensure revenue stability.

Name

Tower Bersama Group

Legal name

PT Tower Bersama Infrastructure Tbk

Website

https://tower-bersama.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Tower Bersama Group (TBIG) operates one of Indonesia's largest independent telecommunications tower portfolios with 24,000+ sites, serving mobile network operators through long-term colocation, tower-sharing, and DAS agreements since 2004.

Ownership category

akta.pro rank

Product category

Telecommunications Infrastructure Services

NAICS

Power and Communication Line and Related Structures Construction (237130)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ)

akta.pro secondary industries

Tower Operations & Maintenance (Field Services) (HDAIAKAF), Telecom Tower & Mast Construction (Greenfield Builds, Foundations, Erection) (IMAFAIAC)

Keywords

• Telecom tower infrastructure
• Tower sharing services
• Colocation services
• Distributed antenna systems
• Telecom site leasing

Headquarters

HQ city

Kedoya Selatan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others

Revenue model

1. Tower Infrastructure Services: TBIG generates the majority of its revenue from providing telecommunications tower infrastructure to mobile network operators. Revenue is generated through tower sharing arrangements and colocation services where multiple telecom carriers share the same physical infrastructure. This creates long-term contracted recurring revenue streams with typically 10-15 year lease agreements with operators.
2. DAS and Infrastructure Services: Revenue from Distributed Antenna System installations and related telecommunications infrastructure services for carriers requiring specialized coverage solutions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PT Tower Bersama Infrastructure Tbk ("TBIG"), the holding company of Tower Bersama Group, operates a portfolio of over 24,000 telecommunications tower sites across Indonesia, providing shared tower infrastructure, colocation, and Distributed Antenna System (DAS) solutions to mobile network operators under long-term (typically 10–15 year) lease agreements. The company enables telecom carriers to expand 4G/LTE and 5G coverage without bearing the full capital cost of tower ownership.

Product overview

PT Tower Bersama Infrastructure Tbk (TBIG) operates as a leading telecommunications infrastructure provider in Indonesia, offering a portfolio of tower-based solutions. The company's core offerings consist of Telecommunication Towers for network equipment deployment, Distributed Antenna Systems (DAS) for enhanced coverage, and related Telecommunications Infrastructure Services. With over 24,000 telecommunications sites and 20+ years of experience since establishment in 2004, TBIG supports Indonesia's major telecom operators through tower sharing and colocation models.

Differentiator

Problem solved

Functional benefit

Products and services

• Telecommunication Tower Tower infrastructure for hosting telecommunications equipment, providing site locations for mobile network operators to deploy their network infrastructure across Indonesia. Operated under tower sharing and colocation models with long-term lease agreements.
• Distributed Antenna System (DAS) Indoor and outdoor distributed antenna solutions designed to enhance network coverage and capacity in areas where traditional tower deployment is not feasible, sold to mobile network operators requiring specialized coverage.
• Telecommunication Infrastructure Service Additional infrastructure-related services supporting telecommunications network deployment, maintenance, and operations for mobile network operators, complementing the core tower and DAS offerings.

Quantifiable outcome

• 86.0% EBITDA margin achieved in 2025, demonstrating operational efficiency of tower sharing model
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• ZTE CorporationcoreTechnology or Integration · 22 May 2026ZTE Corporation held ZTE Day Indonesia 2026 in Jakarta as its annual technology showcase event. Tower Bersama Group participated in panel discussions alongside other technology partners including Sertis Indonesia, Whale Cloud Technology Indonesia, Alibaba Cloud Intelligence, Linknet, Fiberstar, DCI Indonesia, Fortress Digital Services, and DSST Mas Gemilang. The event focused on AI, intelligent infrastructure, and digital transformation in Indonesia, with ZTE showcasing AI, cloud, computing, and connectivity innovations.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• PT Sarana Menara Nusantara (Protelindo): Indonesia's largest independent tower company, listed on IDX, operating tens of thousands of telecom towers and directly competing with TBIG for tenant wins, site acquisitions, and greenfield builds across Indonesia.
• PT Dayamitra Telekomunikasi (Mitratel): Indonesia's second-largest independent tower operator, majority-owned by Telkom Indonesia, providing direct tower sharing services to Indonesian MNOs and competing head-to-head with TBIG on portfolio scale and tenancy.
• PT Centratama Telekomunikasi Indonesia: Indonesian tower company (IDX-listed) operating thousands of telecom sites, focused on tower leasing and managed services to Indonesian carriers; competes with TBIG in overlapping Indonesian geographies.
• edotco Group: Regional tower company owned by Axiata, operating across Malaysia, Indonesia, Bangladesh, Cambodia, Pakistan, Myanmar, and Sri Lanka — a comparable regional ITC operating tower sharing/colocation for multiple carrier tenants.

Broad incumbents

• IHS Towers: One of the largest independent tower operators globally (NYSE-listed), focused on Africa, Latin America, and the Middle East. Comparable business model of shared telecom infrastructure under long-term MNO contracts.
• Helios Towers: London-listed independent tower operator across Africa, with a similar asset-heavy tower leasing model and long-duration MNO lease contracts that mirror TBIG's revenue mechanics.
• Cellnex Telecom: Europe's largest independent tower operator (Madrid-listed), running a portfolio of towers and DAS infrastructure on long-term MNO contracts — a comparable business model at scale in developed markets.
• American Tower Corporation: Global REIT-style tower operator (NYSE-listed) and the global benchmark for tower sharing economics; a useful comparable for unit economics, tenancy ratios, and capital structure benchmarking despite being far larger and geographically broader.

Others

• PT Telkom Indonesia (TelkomGroup): Indonesia's largest telco and parent of Mitratel; an indirect stakeholder/competitor in TBIG's core market and a key customer for tower services, with its own tower strategy influencing TBIG's opportunity set.
• Indosat Ooredoo Hutchison: Major Indonesian mobile operator and a likely anchor tenant of TBIG towers; comparable from a customer-economics perspective for understanding TBIG's revenue concentration and pricing leverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/tower-bersama-group
• Instagraminstagram.com/tbigcareer

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tower Bersama Group