CDMA-based cellular operator PT Smart Fren Tbk (FREN) is scouting an ambitious revenue target this year of breaking Rp1 trillion.
The target is far above the operator's revenue last year of Rp376.51 billion, reflecting a 2011's target is 165.6% growth.
In a bid to reach the target, Smart Fren aims to boost data-based business which is estimated to have more value added than voice business.
Director Antony Susilo, as quoted by Kontan daily, said the operator has set US$450 million capital expenditure this year, of which about 70%-80% will be financed by bank loan facilities.
Disclosure: No position at the stock mentioned above.
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