Mar 11, 2011

Trikomsel Oke seals loan from 5 banks

Mobile phone distributor PT Trikomsel Oke Tbk pockets Rp1.06 trillion and US$15 million loan facility from 5 national banks.
The facility will be used to expand their multimedia business.
In detail, the banks are PT Bank Central Asia with Rp400 billion, PT Bank Mandiri Tbk with Rp225 billion, PT Bank Danamon Tbk with Rp100 billion, PT Bank Negara Indonesia Tbk with Rp250 billion and Citibank N.A with Rp90 billion and US$15 million.
Trikomsel President Director Sugiono Wiyono said the loan facility will be allocated for working capital to support their development. “We hope the credit could give us an extra value,” as he said, yesterday.

Disclosure: No position at the stock mentioned above.  

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