Indosat seeks IDR4.23tn loan from Euro banks

27 Nov 2014

Indonesian telecoms group PT Indosat is seeking an IDR4.23 trillion (USD347.7 million) loan from a number of as yet unnamed European banks in mid-December, Bisnis Indonesia reports. Indosat, the country’s third largest carrier by subscribers, expects to sign a deal within the next two weeks. The news comes in the wake of this week’s announcement that Indosat plans to launch a Long Term Evolution (LTE) network, dubbed ‘Super 4G-lTE’. The new network promises to deliver peak transmission speeds of 185Mbps/41Mbps (down/uplink) and will augment its: ‘Indosat Super 3G+’ service, which boasts speeds of up to 7.2Mbps; the launch of ‘Indosat Super WiFi’ in eight major cities, offering speeds of up to 20Mbps; and ‘Super Internet’ which as a result of the recent network modernisation, uses UMTS-900 and dual carrier (DC)-HSPA+ technology in 23 cities, offering data speeds of up to 42Mbps, designed to give a better quality signal in indoor and outdoor areas.

Indonesia, Indosat Ooredoo (incl. IM2)