Friday, October 2, 2009

Excelcomindo Gets IDR 500 billion loan from Mitsubishi UFJ

PT Excelcomindo Pratama Tbk,Indonesia' s third-biggest mobile phone operator, obtained a 500 billion rupiah ($52 million) three-year loan from Mitsubishi UFJ Financial Group Inc.
Excelcomindo, a unit of Malaysian parent Axiata Group Bhd, got the loan on Sept. 30.
CEO Excelcomindo Hasnul Suhaimi said pricing of the loan refers to cost of fund plus 3 percent.

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