PT Tower Bersama Infrastructure (TBIG) Tbk, tower operator controlled by Saratoga Group (Edwin Soeryadjaya), and PT Sarana Menara Nusantara (TOWR) Tbk, controlled by Djarum Group (Hartono family), remain two of the largest independent tower operators in Indonesia. While both maintain similar tenancy ratios and tower portfolios, TOWR has outpaced TBIG in terms of revenue growth and infrastructure diversification, particularly with its aggressive expansion into fiber-optic and FTTH networks. To subscribe please click here
