Indosat goes all-out to expand network, boost competitive edge

The country's second largest telecom company, PT Indosat, is to issue bonds worth a total of Rp 1.5 trillion (around US$163 million) to support its expansion drive.
The company is also seeking another $400 million in external funding in the form of bank loans or global bonds. The company's expansion plan this year is expected td cost up to $1.2 billion.
President director Johnny Swandi Sjam said Monday Rp 1.5 trillion in bonds, currently entering the bookbuilding process, would be offered in a conventional bond amounting to Rp 1 trillion and in a shariabased bond of Rp 500 billion. (Jakarta Post, pg 13; Koran Tempo, pg B4; Seputar Indonesia, pg 17; Rakyat Merdeka, pg 14; Berita Kota, pg 4; IndoPos, pg 19; Republika, pg 13)