Provident Development is part of Provident Group, one of Indonesia’s leading business entities. Established in 2004, Provident Group has investments across a variety of industries including telecommunication infrastructure,
agribusiness, biofuels, mining and real estate.
Tower Bersama Infrastructure Tbk.
One of the two largest independent telecommunications tower operators in Indonesia, TBIG has been listed on the Indonesia Stock Exchange since October 2010, with a current market capitalization of close to 30 trillion rupiah. As of December 31, 2013, it had 10,314 telecommunications points serving more than 16,577 tenants.
PT Provident Agro Tbk. is a palm oil plantation company established in 2006. It currently owns and operates 11 plantations in Sumatera and Kalimantan with a total land of 100,000 acres.
Listed on the Indonesia Stock Exchange since October 2012, Provident Agro’s current market capitalization is close to US$230 million.