Centratama Group

What Centratama Group does

PT Centratama Telekomunikasi Indonesia, Tbk (Centratama Group) is an Indonesian publicly-listed telecommunications infrastructure provider headquartered in Jakarta Pusat, operating through four wholly-owned subsidiaries: PT Centratama Menara Indonesia (CMI) and PT EPID Menara AssetCo (EMA) deliver macro tower infrastructure for cellular networks; PT MAC Sarana Djaya (MAC) provides in-building Distributed Antenna Systems (DAS), including 5G coverage in the Jakarta CBD; and PT Fastel Sarana Indonesia (FSI) operates fiber optic networks serving high-rise buildings. The group self-describes as the only Indonesian player offering towers, in-building DAS, and fiber broadband under one corporate umbrella.

The business model is anchored in recurring, multi-year tenancy and lease contracts with all five major Indonesian mobile network operators — Telkomsel, XL Axiata, Indosat Ooredoo Hutchison, Three, and Smartfren — supplemented by long-duration exclusive cooperation agreements with property developers (e.g., a 10-year exclusive telecom infrastructure concession at Garuda Wisnu Kencana in Bali via PT Alam Sutera Realty and PT Garuda Adhimatra Indonesia). Pricing is individually negotiated and not publicly disclosed. The platform has been materially expanded through inorganic moves: the February 2020 acquisition of 1,054 towers from XL Axiata (financed by DBS Bank and ING Bank), and the 2022 acquisition of EPID Menara AssetCo, which grew the consolidated tower portfolio to over 17,000 sites.

As of 31 December 2023, EP ID Holdings Pte. Ltd. — a Singapore holding entity affiliated with the EdgePoint brand — controlled 92.169% of shares, leaving a 7.831% public free float. Leadership comprises President Director/CEO Yan Raymond alongside a multinational board of directors and commissioners from Indonesia, the UK, Italy, and other markets.

Name

Centratama Group

Legal name

PT Centratama Telekomunikasi Indonesia, Tbk

Website

https://centratamagroup.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PT Centratama Telekomunikasi Indonesia, Tbk is an Indonesian publicly-listed telecom infrastructure company operating macro towers, in-building DAS, and fiber networks through four subsidiaries, serving all major Indonesian mobile operators and large property developers under multi-year recurring contracts.

Ownership category

akta.pro rank

Product category

Telecom Infrastructure Services

NAICS

Wired Telecommunications Carriers (517111), Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Radiotelephone Communications (4812), Telephone Communications (No Radiotelephone) (4813)

akta.pro industry

PRIMARYHDAIAKAJ

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

Hardware, Technology & Telecom/Telecommunications & Network Services/Tower & Passive Infrastructure Providers (Towers, DAS, Small Cells)

SECONDARYHDAIAKAH

Site Security, Monitoring & Remote Operations (NOC/IoT)

Hardware, Technology & Telecom/Telecommunications & Network Services/Tower & Passive Infrastructure Providers (Towers, DAS, Small Cells)

SECONDARYIMAFAIAE

Small Cell & DAS Deployment (Pole/Street Furniture, In-Building DAS)

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Telecom & Data Infrastructure Construction (Fiber, Towers, Data Centers)

SECONDARYHDAIAKAF

Tower Operations & Maintenance (Field Services)

Hardware, Technology & Telecom/Telecommunications & Network Services/Tower & Passive Infrastructure Providers (Towers, DAS, Small Cells)

SECONDARYHDAIAKAI

Structural & Civil Engineering for Sites (Design, Reinforcement, Foundations)

Hardware, Technology & Telecom/Telecommunications & Network Services/Tower & Passive Infrastructure Providers (Towers, DAS, Small Cells)

Keywords

• Telecom tower infrastructure
• In-building DAS
• Fiber optic networks
• Mobile network infrastructure
• Telecom site leasing

Headquarters

HQ city

Jakarta Pusat

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, Marketing or Sales

Revenue model

1. Tower co-location / tenancy leases: Recurring revenue from mobile network operators leasing space on Centratama's telecommunications tower portfolio, with multi-year tenancy contracts. Tower tenancy ratio was 1.58x at end-2019 across 2,124 towers. Lease back arrangements (e.g., with XL Axiata for 1,054 acquired towers) provide immediate recurring tenancy post-acquisition.
2. In-building DAS service contracts: Recurring revenue from in-building Distributed Antenna System (DAS) deployments provided by PT MAC Sarana Djaya, the largest in-building solutions provider in Indonesia, with a tenancy ratio of 1.97x across 841 DAS sites at end-2019.
3. Fiber optic broadband infrastructure for high-rise buildings: Recurring broadband/connectivity revenue from fiber optic network services delivered to high-rise buildings via PT Fastel Sarana Indonesia (FSI).
4. Long-term exclusive infrastructure concession agreements: Long-duration (e.g., 10-year) exclusive agreements with property developers / real estate owners (such as PT Alam Sutera Realty / PT Garuda Adhimatra Indonesia for GWK) to provide outdoor and indoor telecom infrastructure services across designated areas.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Centratama Group provides passive telecommunications infrastructure in Indonesia through four wholly-owned subsidiaries. PT Centratama Menara Indonesia (CMI) and PT EPID Menara AssetCo (EMA) supply multi-tenant tower co-location and tenancy for cellular networks. PT MAC Sarana Djaya (MAC) deploys in-building Distributed Antenna Systems (DAS) for indoor cellular coverage, including 5G. PT Fastel Sarana Indonesia (FSI) delivers fiber optic networks and broadband connectivity for high-rise buildings. Services are sold under multi-year contracts to mobile network operators and property developers.

Product overview

Centratama Group (PT Centratama Telekomunikasi Indonesia, Tbk) operates as a holding company with a platform-plus-subsidiaries architecture focused on national telecommunications infrastructure. The core business is delivered through four operating subsidiaries: PT Centratama Menara Indonesia (CMI) and the acquired PT EPID Menara AssetCo (EMA) handle macro tower infrastructure for cellular networks; PT MAC Sarana Djaya (MAC) extends the platform with in-building Distributed Antenna System (DAS) services, including 5G coverage in venues such as Jakarta CBD and Transpark Bintaro; and PT Fastel Sarana Indonesia (FSI) adds fiber optic backhaul networks to round out a full-stack passive infrastructure offering for mobile operators and enterprise customers.

Differentiator

Problem solved

Functional benefit

Brands

• Centratama Menara Indonesia (CMI): Tower infrastructure brand for cellular networks; positioned as the 3rd largest independent tower provider in Indonesia. Operates its own website at centratama.com.
• EPID Menara AssetCo (EMA)
• MAC Sarana Djaya (MAC)
• Fastel Sarana Indonesia (FSI)

Products and services

• PT Centratama Menara Indonesia (CMI) - Macro Telecom Tower Infrastructure
• PT EPID Menara AssetCo (EMA) - Macro Telecom Tower Infrastructure
• PT MAC Sarana Djaya (MAC) - In-Building Distributed Antenna System (DAS)
• PT Fastel Sarana Indonesia (FSI) - Fiber Optic Networks and Broadband

Quantifiable outcome

• ~Rp 215 billion estimated additional annual revenue from the 1,054 acquired XL Axiata towers via lease-back
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered flagship strategic / exclusive concession partner, key indonesian mno customer / tenancy partner and key indonesian mno customer and major transaction counterparty.

• PT Alam Sutera Realty, Tbk (via PT Garuda Adhimatra Indonesia)flagship strategic / exclusive concession partnerStrategic or Co-development Partner · 26 September 2018Signed an exclusive 10-year cooperation agreement on 26 September 2018 (announced 29 September 2018) under which Centratama Group, through PT Centratama Menara Indonesia (CMI), is the exclusive provider of outdoor and indoor cellular telecom infrastructure across the entire Garuda Wisnu Kencana (GWK) cultural park in Bali. The partnership supports tourism connectivity in line with the government's Wonderful Indonesia programme.
• Telkomselkey indonesian mno customer / tenancy partnerOthersIndonesian mobile network operator displayed as a customer logo on Centratama Group's website; major tenancy counterparty on Centratama's shared tower and in-building DAS infrastructure.
• XL (XL Axiata)key indonesian mno customer and major transaction counterpartyOthersIndonesian mobile network operator displayed as a customer logo; counterparty to the largest Centratama deal to date - sale of 1,054 towers to subsidiary CMI (signed 7 February 2020) followed by a long-term lease-back arrangement estimated to contribute ~Rp 215 billion of additional annual revenue.
• Indosat Ooredoo Hutchisonkey indonesian mno customer / tenancy partnerOthersIndonesian mobile network operator displayed as a customer logo on Centratama Group's website; tenancy counterparty on Centratama's shared tower and in-building DAS infrastructure.
• Three (Tri)key indonesian mno customer / tenancy partnerOthersIndonesian mobile network operator displayed as a customer logo on Centratama Group's website; tenancy counterparty on Centratama's shared tower and in-building DAS infrastructure.
• Smartfrenkey indonesian mno customer / tenancy partnerOthersIndonesian mobile network operator displayed as a customer logo on Centratama Group's website; tenancy counterparty on Centratama's shared tower and in-building DAS infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• American Tower (AMT): Global REIT owning and operating macro and edge data center tower infrastructure for wireless operators. Comparable in business model (multi-tenant passive tower leasing) though operating at a much larger, developed-market scale.
• Crown Castle (CCI): U.S. tower and fiber infrastructure REIT with shared towers, small cells/DAS, and fiber backhaul serving multiple carriers. Closest U.S. analogue to Centratama's combined tower + in-building DAS + fiber offering.
• IHS Towers: One of the largest independent tower operators globally, focused on emerging markets in Africa and Latin America. Closest international analogue for Centratama's emerging-market, multi-MNO shared-infrastructure business model.
• Cellnex Telecom: European independent telecom infrastructure operator with tower, DAS, and small-cell portfolios serving multiple MNOs per country. Closely comparable in product breadth (towers + indoor/DAS) and integrated cross-border platform strategy.
• SBA Communications (SBAC): Global independent owner and operator of wireless communications infrastructure, including macro towers and related assets. Comparable in pure-play tower-leasing model and MNO customer base.
• PT Profesional Telekomunikasi Indonesia (Protelindo): Largest independent tower operator in Indonesia with a multi-thousand-site portfolio serving all major MNOs. As the incumbent market leader, Protelindo is the primary competitive benchmark Centratama must scale against.

Regional players

• EdgePoint Infrastructure: Emerging-market telecom infrastructure platform that appears to be affiliated with EP ID Holdings (Centratama's 92.169% controlling shareholder). Operates passive tower and connectivity assets across Southeast Asia and Africa, providing a regional comparable and a likely strategic parent.

Emerging players

• Helios Towers: Independent tower operator in Africa focused on shared passive infrastructure for MNOs in high-growth markets. Comparable to Centratama in scale, tenancy-led model, and emerging-market execution.

Direct peers

• PT Sarana Menara Nusantara (TOWR): Indonesian independent tower company providing passive telecom infrastructure (towers and backhaul) to Indonesian MNOs under multi-year tenancy contracts. Direct competitor in the same Indonesian macro-tower market as Centratama.
• PT Tower Bersama Infrastructure (TBIG): One of the largest independent telecom tower operators in Indonesia, owning and leasing macro tower sites to the same MNOs (Telkomsel, XL Axiata, Indosat, etc.). Closest like-for-like competitor to Centratama's CMI/EMA tower business.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centratama-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries4 records

Funding overview

Funding rounds

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 Centratama Group