Corporate Updates

Sarana Menara Nusantara (TOWR IJ): Acquires another tower company

Sarana Menara Nusantara (TOWR IJ)
BUY / TP: IDR:1,560 (+13.0%)
Analyst: Chandra Pasaribu

Acquires another tower company
• Acquires 90% of SUPR shares
• SUPR’s potential share price is IDR11,368-14,258
• Impact to TOWR will depend on acquisition cost
• Re-iterate BUY.

Corporate Updates

Sarana Menara Nusantara (TOWR IJ): Acquires another tower company

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