Indosat looking for USD83.5m in foreign loans

24 Jun 2014

Qatar-backed cellco Indosat expects to secure loans totalling around IDR1 trillion (USD83.5 million) from two foreign banks in the third quarter of this year to finance its planned CAPEX of IDR8 trillion-IDR9 trillion for 2014, investor relations officer Andromeda Tristanto told local news outlet Kontan. 80% of the total CAPEX will be spent on modernising the cellco’s infrastructure.

Indonesia, Indosat Ooredoo Hutchison (IOH)