TELKOMSEL: Gets Three-year IDR3-Trillion Loan From Bank
Company Reporter, June 13, 2007
PT Telekomunikasi Selular Indonesia
will be provided a three-year IDR3
trillion loan by PT Bank Mandiri and two local banks, PT Bank Central
Asia and PT Bank Negara Indonesia, Bloomberg News reports, citing Agus
Martowardojo, president director of Mandiri.
According to the report, Mr. Martowardojo told reporters that they hope
to sign the agreement next week.
PT Telekomunikasi Selular Indonesia -- http://www.telkomsel.com/ --
is the leading operator of cellular telecommunications services in Indonesia by market share. By the end of June 2006, Telkomsel
had close to 29.3 million customers, which, based on industry
statistics, represented a market share of more than 50%.
Telkomsel provides GSM cellular services in Indonesia, through its own
nationwide Dual band 900/1800 MHz GSM network, an internationally,
through 259 international roaming partner in 53 countries as of June
2006. The company provides its subscribers with the choice
between two prepaid cards-simPATI and kartuAs of a pre-paid simPATI
service, or the post-paid kartuHALO service, as well as a variety of
value-added services and programs.
Fitch Ratings, in August 2006, upgraded PT Telekomunikasi Selular's
long-term foreign currency issuer default rating to 'BB' from 'BB-'.