Indonesia's second-largest mobile phone operator, PT Indosat Tbk , has agreed $450 million in syndicated loans for capital spending as its seeks to improve its network in Java island and expand outside.
Indosat, which announced the loans in a statement, plans up to $1.2 billion capital spending this year.
ING Bank N.V. and DBS Bank Ltd are the lead arrangers and bookrunners for the syndicated loans, which mature in five years.
Sunday, June 15, 2008
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