Telkomsel considering USD200 million bond issue

2 Apr 2014

The Indonesian mobile operator PT Telekomunikasi Selular (Telkomsel), which is 65%-owned by the country’s government-backed fixed line operator Telkom, is considering the issue of USD200 million worth of bonds in the second quarter of this year to help finance its CAPEX. According to local newspaper Investor Daily, which cites Telkomsel’s CEO Alex Janangkih Sinaga, the operator will seek shareholder approval at its annual shareholder meeting this Friday. Telkomsel previously announced that it had earmarked USD885 million CAPEX for 2014. It had 131.5 million subscribers and a 41.8% market share at the end of 2013, according to TeleGeography’s GlobalComms Database.

Indonesia, Telkomsel (Telekomunikasi Selular)