Bach Multi Shares Surge as Telecommunications Infrastructure Outlook Remains Bright
The stock rally of PT Bach Multi Global Tbk (BACH) has recently captured market attention. Within one week, BACH shares strengthened by 67.62% to reach a position of Rp 880 at the close of trading on Friday (31/07/2026).
Amid increasing investor interest in the issuer, the prospects for the telecommunications infrastructure sector are considered promising due to digital transformation, 5G network development, and the rising demand for services based on artificial intelligence (AI) and cloud computing.
Capital market observer Menteng Kleb Fauzan Luthsa stated that issuers in the telecommunications support sector are receiving significant attention from investors. He noted that the increased interest in BACH is also inseparable from the entry of the Djarum Group through PT Global Teknologi Perkasa (GTP) as the company’s controlling shareholder.
Fauzan remarked that investors have traditionally known BACH as a generator company. However, according to its prospectus, the company manages approximately 41,000 telecommunications sites, meaning BACH has become an integral part of the telecommunications infrastructure ecosystem. “Ultimately, the market will look at company performance. However, the shift in perspective regarding BACH’s business model is one of the factors driving increased investor attention,” he explained.
Separately, CORE Indonesia observer Dipo Satria Ramli stated that growth opportunities in the telecommunications infrastructure sector remain vast over the next three to five years. He noted that the demand for telecommunications tower construction and fibre optic networks remains high due to increasing needs from both individual customers and corporations.
He added that the need for basic infrastructure—such as electricity, telecommunications towers, fibre optic networks, and submarine cables—remains a primary requirement, while the increasing use of the internet, AI, and cloud computing will act as driving factors. Dipo noted that the telecommunications support sector plays a highly strategic role, as these companies determine the reliability and sustainability of telecommunications infrastructure and the digital economy.
Dipo also mentioned that unstable power supplies and non-integrated fibre optic networks in certain regions make the role of support companies vital in Indonesia. “Without the reliability of internet and telecommunications, the digital economy cannot be built,” he emphasised.
Furthermore, the Head of the Centre for Telecommunications Policy and Regulation Studies at the Bandung Institute of Technology (ITB), Ian Yosef M. Edward, stated that the availability and reliability of power systems are top priorities in the construction of Base Transceiver Stations (BTS). “The selection for BTS installation first looks at the availability and reliability of the power system. Therefore, it is a primary priority in BTS infrastructure development,” he said.
Ian explained that the concept of redundancy or backup can involve one PLN (state electricity company) power source with one backup generator, or a combination of PLN, batteries, and generators to guarantee the level of power availability.