May 19, 2011

Bakrie Telecom considers US$ bond

PT Bakrie Telecom Tbk is studying the possibilities to issue bond as a way to finance it 2012’s capital expenditure at US$200 million and also to refinance bond debt at Rp650 billion due next year.
Per April 2011, the company has used US$50 million or 25% from total US$200 million capex to expand network. “We also open the opportunity to consolidate with other party,” said Bakrie Telecom’ Director of Finance Jastiro Abi.
As for 1Q/2011 achievement, he continued, company expanses practically bigger amid to investment in broadband wireless and bond issuance in January 2011. The company expects it has started to enter cellular market in 2012.

Disclosure: No position at the stock mentioned above.  

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