While waiting winner of the tender to acquire over 3,000 telecommunication towers from Indosat (ISAT), let’s talk about valuation of independent tower operators listed on Indonesia Stock Exchange (IDX) and their performance. Centratama Telekomunikasi (CENT) by far is the only one releasing first half financial results. This company, where private equity firm Northstar is one of shareholders, reported net profit of Rp12 billion only, crashed 82.3% from the corresponding period of 2018.To subscribe please click here
