- Business
- PT Solusi Tunas Pratama Tbk (SUPR.JK) operates as an independent telecommunications tower company in Indonesia, primarily managing and leasing base transceiver station (BTS) towers and related infrastructure to mobile network operators. Founded in 2006 and headquartered in Kudus, Central Java, the company offers tower rental services through its two main categories, greenfield towers for rural standalone deployments and rooftop towers for urban building rooftops; it also provides distributed antenna systems (DAS) with 26 indoor DAS networks, fiber optic networks spanning 3,000 kilometers including underwater connections between Java-Kalimantan, Java-Sumatra, and Batam-Singapore, and additional services such as telecommunication equipment wholesale, cable telecommunications, real estate leasing, central telecommunication construction, installation, management consulting, and trading. STP conducts operations across all 34 provinces in Indonesia, with approximately 87% of its roughly 6,851 towers concentrated in high-density Java and Sumatra, while operating through Tower Rental and Other Services segments that generated IDR 1,817 billion in 2024 revenue exclusively from Indonesia.
As a subsidiary of PT Professional Telekomunikasi Indonesia (Protelindo), itself under PT Sarana Menara Nusantara Tbk which holds a 99.96% stake, the company focuses on multi-tenant sites with historical tenancy ratios around 1.85x, serving major Indonesian telecom operators under typical 10-year lease terms.
In October 2021, STP was acquired by Protelindo for approximately IDR 16.7 trillion, marking a significant ownership shift from prior shareholders including Carlyle Group; more recently in 2025, the company prioritizes internal cash flows for capital expenditures and debt reduction targeting a leverage ratio below 1.1x, signs amendments to revolving and term loan facilities with lenders like PT Bank CIMB Niaga Tbk and PT Bank Mandiri, and reports robust financials including Q2 2025 net profit of IDR 630.4 billion.