PT Sarana Menara Nusantara Tbk Overview
Pro stress-test →Established in 2003, Sarana Menara Nusantara is one of the leading independent digital infrastructure companies in Indonesia. As of September 2025, the company owned and operated approximately 36,049 telecommunication tower sites and ~170,500km fiber optic network in Indonesia, primarily in Sumatra, Java, Bali, Kalimantan and Sulawesi.
Strategic Profile
Pro stress-test →In 2024, the Company delivered solid performance despite economic challenges and industry competition, supported by rising demand for digital infrastructure and the strategic acquisition of IBST. Rapid fiber and non-tower expansion positions the company to benefit from digital transformation trends, supporting higher margins, recurring revenues, and premium valuations.
Competitive Landscape
Pro stress-test →Protelindo, a 99.9997% owned subsidiary, is the largest independent tower company in Indonesia, operating over 19,200 towers with over 32,300 tenancies under long-term lease agreements with major wireless communications companies. The competitive landscape includes major Indonesian telecommunications operators that increasingly build proprietary tower infrastructure.
Industry Context
PT Sarana Menara Nusantara Tbk operates in Telecommunications Infrastructure / Tower REIT.
Key facts
Founded: 2008 · Headquarters: Kudus, Indonesia