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Indonesias Telkom agrees standby loans for towers

JAKARTA, April 30 Indonesias biggest phone company, PT Telekomunikasi Indonesia, said on Friday it would borrow nearly US$400 million (RM1.27 billion) to buy out Singapore interests in its telephone tower business, which it then plans to list. With a market value of US$17.2 billion, Telkom said it had arranged standby loans for 3 trillion (RM1.06 billion)- 3.5 trillion rupiah from local banks …

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Indonesias Telkom agrees standby loans for towers

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