Jul 20, 2011

Mitratel seals Rp1 trio loan

PT Dayamitra Telekomunikasi (Mitratel), a wholly owned subsidiary of PT Telekomunikasi IndonesiaTbk (Telkom), has sealed Rp1 trillion loan facility from PT Bank Rakyat Indonesia Tbk (BRI).
Mitratel will use the 6-year facility to meet its working capital this year.
Mitratel aims to roll out and acquire 1,672 telecommunication towers and supporting facilities.
Director of Business and Small Medium Enterperises at BRI Djarot Kusumayakti said the bank so far has channeled Rp6.8 trillion loan facilities to Telkom Group.
"We channeled Rp5 trillion loan to Telkom and another Rp800 billion to Telkomsel," he said.
BRI has committed to support business expansion of Telkom Group.
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