JAKARTA (Yosefazrdi) – Telecommunication tower provider PT Tower Bersama Infrastructure Tbk (TBIG) has secured syndicated loan of US$299 million, equivalent Rp3.44 trillion from 17 banks.
The loan agreement was signed in July 1, 2014 and has tenor of 3 years, used to refinancing its debt and supporting organic growth. TBIG’s loan scheduled to mature this year amounts Rp1.8 trillion.
It allocates capital expenditure (capex) of Rp3.5 trillion for this year. The company also has option to raise Rp500 billion to Rp1 trillion via bond issue program andglobal bond issue worth US$500 million.
As of March this year, the company operated 17,222 towers and 10,572 telecommunication sites.
TBIG booked net profit of Rp527billion in first quarter of this year on sales of Rp781 billion. Its assets totaled Rp19.39 trillion while liability amounted Rp15.27 trillion.