Telco tower operator Sarana Menara Nusantara (TOWR) will pay dividend of Rp700 billion, or Rp68.6 per share, as dividend for 2016 fiscal year, representing 23% of net profit. It booked net profit of Rp3 trillion last year. In the first quarter (Q1) of 2017, TOWR booked net profit of Rp649.4 billion on revenues of Rp1.3 trillion. Compared to Q1 last year, TOWR’s net profit and revenues grew by 25% and 12.2% respectively. Currently TOWR operates 14,587 units of tower. It allocates capital expenditure (capex) of Rp1.5 trillion for this year.