On March 8, 2010, SMN completed its initial public offering of shares and is now listed on the Indonesia Stock Exchange (IDX) with the stock code
About PT Sarana Menara Nusantara
SMN, domicile in Kudus, Central Java, was established in 2008. SMN is engaged in the business of holding company activity which primarily focus to invest in the operating companies who own and operate tower telecommunication sites and lease it to wireless communication companies. SMN is the holder of 99.99% shares in Protelindo the operating subsidiaries, where Protelindo is the holder of majority shares in both iForte and Solusi Tunas Pratama, Tbk (STP).
As SMN’s business activities are conducted primarily through Protelindo, the description of SMN business will be focused on assets and operations of Protelindo. Therefore, any reference to SMN’s business activities in this Sustainability Report shall refer to the business activity operated or conducted through the operational activity of Protelindo, and into certain extent also cover the operational activity in iForte and Solusi Tunas Pratama, Tbk (STP).
We engaged in the business of leasing space for tower locations that can be shared with all major wireless operators in Indonesia with long-term lease agreements. The places rented out by SMN is in the form of a vertical space in the tower to install radio frequency antennas and microwave antennas. Additionally, SMN has land space as the placement of shelters and cabinets for storing electronic devices and providing electricity for customers. We also has a sizable network of tower with fiber optic in Indonesia.
We strive to continuously meet the needs for the availability of national, regional, local towers, and growing wireless telecommunications companies. This is our step in strengthening our position as the largest independent tower owner and operator in Indonesia. Until today, the towers owned by us have spread across Indonesian archipelago. SMN has owned and operated 28.968 telecommunication towers and 53.975 tenants from all over Indonesia, especially in the areas of Sumatra, Java, Bali, Kalimantan, and Sulawesi. Through its subsidiary, Protelindo, we have conducted and completed the acquisition of PT Solusi Tunas Pratama Tbk in 2021 as one of the corporate actions to expand its business. (Status 4Q21)
PT. Sarana Menara Nusantara Tbk has also become one of the companies included in the category of stocks with significant market capitalization and stock liquidity by being included in important indices such as IDX 30, IDX ESG LEADERS, FTSE Asia Pacific and MSCI Global Standard Index. For the Environment Social and Environment criteria, for the first time recently MSCI (Morgan Stanley Capital Index) gave an ESG Rating at BB level for PT. Sarana Menara Nusantara Tbk.
Given the critical role the telecom sector played in allowing life to continue under Covid restrictions and the sustained investments by the operators as a result, our business continued at a high level in 2021.
Ferdinandus Aming Santoso