Telkom looks for loans worth $756Mn for expansion plans in 2009 (Indonesia)
PT Telekomunikasi Indonesia (Telkom), looks for loans worth $756 million from local financial institutions for its expansion plans in 2009. It is understood Telkom may approach the likes of PT Bank Mandiri, PT Bank Negara Indonesia (BNI) and PT Bank Rakyat Indonesia (BRI) to cover as much as 40% percent of its entire $17.9 trillion CAPEX plan. The group’s mobile arm Telkomsel is investing around $10.7 million in order to boast its business after lowered quaterly profits from past two years.
