Home Frontier Tower Frontier Tower In brief PT Triview Geospatial Mandiri will finance, build, acquire, lease and/or operate cellular phone and broadcasting towers and related equipment for purposes of marketing tower space, IBS, DAS and related services (such as power for a cell site) to operators of broadcasting and wireless facilities and networks in Indonesia. Main development impact While the mobile phone subscription rate In Indonesia in 2016 was close to 100 percent, only twenty-five percent of people used a smartphone. However, this figure is rapidly growing with an increase in the rollout of 3G and 4G services. The current coverage and capacity of the base station network in Indonesia cannot meet the steep rise in data usage and new telecom infrastructure, including telecom towers, is required. The company aims to build and maintain telecom towers in Indonesia, thus adding to the data transmission capacity, which enables telecommunication companies and other telecommunication-based service providers to increase the availability of their services. Increased access to the internet and faster connections (especially through mobile broadband) facilitate economic development, for example, in the following ways. For example, it assists economy-wide technology diffusion and innovation, improves the quality of decision-making by people (through pricing, etc.), increases demand for goods and services, and lowers production costs. In addition, increased smartphone penetration brings fintech applications available to people, which, in turn, can facilitate poverty reduction through financial inclusion. Investment details Name: Frontier Tower Project number: 80000059 Region: Asia Country: Indonesia Sector: Digital infrastructure and solutions Signing date (month/year): September 2017 Currency: USD Finnfund's financing (commitment): 10,000,000 Size of the project financing: USD 394,500,000 Share of Finnfund's financing (%): 37,32 % Status: Active Website: https://www.frontiertowerassociates.com/ Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.September Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: Frontier Tower Sector: Digital infrastructure and solutions Region: Asia Country: Indonesia Currency: USD Finnfund's financing (commitment): 10,000,000 Signing date (month/year): September 2017 Last update: May 2019