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Pt Solusi Tunas Pratama Tbk (Indonesia)

Main Activities: Commercial and Industrial Machinery and Equipment Rental and Leasing | Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Full name: Pt Solusi Tunas Pratama Tbk Profile Updated: February 22, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

PT Solusi Tunas Pratama Tbk (STP) is an independent tower company based in Jakarta, Indonesia. Founded in 2006, it has become one of the leading tower companies in the country. STP's core business involves leasing out spaces for antennas and supporting equipment at its multi-tenant tower sites to Indonesian mobile telecommunication operators. These lease agreements typically have a contractual term of 10 years. STP operates telecommunications tower assets in 34 provinces across Indonesia, with a majority of its sites located in Java and Sumatra, which are the most densely populated islands in the country. In October 2021, STP was officially acquired by PT Professional Telekomunikasi Indonesia (Protelindo), a subsidiary of PT Sarana Menara Nusantara Tbk. This acquisition is expected to provide STP with a stronger foundation to serve its customers and stakeholders. As of December 31, 2021, STP owned and operated 6,949 towers with 12,846 tenancies, resulting in a tenancy ratio of 1.85x. The company operates in two segments: Tower Rental and Other Services. Its main focus is on managing and leasing base transceiver station (BTS) towers. STP operates various types of towers, including greenfield towers located in rural areas and rooftop towers situated in urban areas. Additionally, the company has a portfolio of land fiber optic cables in several cities in Indonesia, as well as an underwater fiber optic network connecting Java to Kalimantan, Java to Sumatra, and Batam to Singapore. PT Solusi Tunas Pratama Tbk is a subsidiary of PT Profesional Telekomunikasi Indonesia.

Headquarters
Komplek Rukan Permata Senayan, Blok C01-02, Grogol Utara, Kebayoran Lama
Jakarta; Jakarta;

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Website: http://www.stptower.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2006
Key Executives
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President
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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99.96%
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0.04%
Subsidiaries
Pt Sarana Inti Persada
99.87%
Company Performance
Financial values in the chart are available after Pt Solusi Tunas Pratama Tbk report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency IDR. Absolute financial data is included in the purchased report.
Net sales revenue
-0.31%
Total operating revenue
-0.16%
Operating profit (EBIT)
-3.29%
EBITDA
-0.32%
Net Profit (Loss) for the Period
3.94%
Total assets
2.67%
Total equity
21.98%
Operating Profit Margin (ROS)
-1.95%
Net Profit Margin
2.23%
Return on Equity (ROE)
-2.49%
Debt to Equity Ratio
-29.67%
Quick Ratio
-0.04%
Cash Ratio
-0%

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