Telkom to secure bank loans

@miasdarmawan If only I had that much faith in me! I'll be thinking of you when I do the dishes =D 14 hours ago

Worried about my dishwashing skill as the maids will be leaving on mudik tomorrow O_o 14 hours ago

@nycprincessss Yeah I noticed. What's with the old one? 2010/09/03

@nycprincessss *big hugs* Hey you, what's up with the new account? 2010/09/03

"Po, udah mandi nih, tarawih yuk." #cutethingssaidduringramadan 2010/09/03

Kolak pisang + Cendol = Alhamdulilee 2010/09/03

"..so let's just calm down, let's investigate whether he really stole your lunch and ask him if he could give it back to you." 2010/09/01

SBY was like saying, "Look son, I know he stole your lunchbox, but your brothers r working for his dad, he bought us this nice drawer..." 2010/09/01

November 25th, 2008 alaksir Posted in Business news, Current events, Indonesian news in English |

Indonesian telco provider PT Telekomunikasi Indonesia or Telkom (IDX: TLKM) will be looking to secure Rp9 trillion (US$725 million) bank loan to meet 30-40% of its capital expenditure next year, writes Bisnis Indonesia.

Telkom CEO Rinaldi Firmansyah said that Rp22.5 trillion (US$1.8 billion) of capital expenditure will be made next year to construct telco towers, expansion of network and transmissions, of which 60% will be procured by its mobile provider subsidiary Telkomsel.

Commenting about the plan, Firmansyah said, "Bank loan is preferable to issuing bonds or securities at the moment, which wouldn’t seem to attract many buyers in the midst of the global crisis.

The company’s financial disclosure for Q3 of 2008 indicates Rp44.60 trillion (US$3.6 billion) in operating income and Rp8.92 trillion (US$719 million) in net income. It has a total of Rp86.02 trillion (US$6.9 billion) in assets and Rp44.63 trillion (US$3.6 billion) in liabilities.

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