PT Sarana Menara Nusantara Tbk (TOWR) posted revenue of Rp7.45 trillion throughout 2020, increasing 15.36% from 2019's revenue of Rp6.45 trillion.

Tower rental services contributed Rp6.97 trillion or 93.61% of TOWR's total revenue. Then, wireline revenue was Rp355.12 billion (4.77%), Very Small Aperture Terminal (VSAT) Rp99.15 billion or contributed 1.33%, and IPCL Rp21.74 billion (0.29%).

VSAT is a telecommunication service that uses satellite technology to reach areas that are not yet reached by other telecommunication networks.

Meanwhile, wireline is a telecommunications service that uses fiber optic and wireless networks for broadband internet services and Virtual Private Networks.

From a bottom-line perspective, TOWR even posted an increase in profit for the year attributable to owners of the parent entity by 21.1% year on year (YoY). This means that TOWR's net profit increased to Rp2.84 trillion from Rp2.34 trillion.

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