Indosat Tbk PT (ISAT.JK)
Rp. -15.00 (-0.38%)
|Market Cap (Mil.):||Rp. 21,708,560.00|
|Shares Outstanding (Mil.):||5,433.93|
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JAKARTA, Feb 26 - Indonesia's second-largest telecommunication operator, PT Indosat plans to either spin off or sell its tower assets next year to focus on its core business, the company's CEO told reporters on Wednesday.
Phone operator PT Indosat Tbk booked a net profit of 1.25 trillion rupiah ($107.3 million) in 2013, up 48 percent from a year earlier.
Phone operator PT Indosat Tbk, a unit of Qatar's Ooredoo QSC, plans to spend 16 trillion rupiah ($1.32 billion) on capital expenditure in 2014-2015, aiming to boost revenue by 5 percent to 7 percent until 2015, according to a report by Standard & Poor's, the Investor Daily reports.
Cellular operator PT Indosat has secured a 1 trillion rupiah ($82.99 million) loan from a local lender, said Investor Relations Officer Bayu Hanantasena, adding the firm will use the funds to finance expansion and refinance loans that are due this year. (Bisnis Indonesia)
Phone operator PT Indosat, a unit of Ooredoo , Qatar's No.1 telecom operator, plans to spend between 4.8 trillion rupiah ($393.44 million) and 5.6 trillion rupiah on modernization to support Long-Term Evolution (LTWE) networks in 2014, said CEO Alexander Rusli.
Phone operator PT Indosat Tbk plans to sell its shares in telecommunication tower provider PT Tower Bersama Infrastructure and expects to raise 1.4 trillion rupiah ($120.64 million), said CEO Alexander Rusli. The firm expects to complete the sale by the first quarter of 2014 at the latest, Kontan reported.
(Corrects company ticker) Cellular operator PT Indosat will soon secure a 1 trillion rupiah ($90 million) loan from a state-owned lender, Andromeda H. Tristanto, head of investor communication divisions, told Kontan.