JAKARTA (Yosefardi) – PT Profesional Telekomunikasi Indonesia (Protelindo), subsidiary of PT Sarana Menara Nusantara (TOWR), has obtained loan of US$50 million, equivalent Rp500 billion, from International Finance Corporation (IFC).
Arif Pradana, TOWR’s corporate secretary, said the loan, which will mature in Juli 23, 20123, will be used to fund its business expansion.
He said the company plans to acquire a company which owns telecommunication site. The company is now participating on tender to acquire 49% stake in PT Dayamitra Telekomunikasi (Mitratel), tower rental company of PT Telekomunikasi Indonesia Tbk (TLKM).
On May 20, 2013, Protelindo and Protelindo Finance BV have signed refinancing facilities of US$475 million and 40 million euro.