Mobile-phone subcriber PT XL Axiata Tbk for 2009 rose 21 percent from a year earlier to 31.4
million, the company said in a statement today. Axiata was formerly known as PT Excelcomindo Pratama.
million, the company said in a statement today. Axiata was formerly known as PT Excelcomindo Pratama.
Last year the ownership of Axiata through Indocell Holding Sdn Bhd at XL Axiata increases into 86.5 percent following the rights issue held by the company. On the other side, the ownership of Etisalat International Indonesia Ltd was diluted from 16 percent into 13.3 percent and public stocks remain at 0.2 percent.
XL Axiata also attained IDR2.8 trillion through rights issue by issuing of 1.41 billion share so that the company total shares are 8.5 billion. The company use the fund from rights issue to paid debt is syndicated credit from DBS Bank Ltd., Export Development Canada, The Bank of Tokyo-Mitsubishi UFJ, Ltd. And Chinatrust Commercial Bank, Ltd. Worth US$ 140 million.
The bilateral credit from PT Bank Mandiri Tbk is worth IDR 400 billion and bilateral credit from PT Bank Mizuho Indonesia worth US$50 million. Besides, the bilateral credit from DBS Bank Ltd. stands at US$50 million.
The company paid the export credit from Exportkreditnamnden (EKN) Buyer Credit Facility funded by Swedish Export Credit Corporation worth US$11.7 million.
Hasnul said prior to the completion of rights issue process, Excelcomindo in quarter IV/2009 has speeded up the debt payment of US$100 million to HSBC worth US$50 million and Standard Chartered Bank US$50 million.
Besides, the company buys back some of the bonds worth US$64.6 million and thus the remaining floating bonds worth US$59.4 million
The company paid the export credit from Exportkreditnamnden (EKN) Buyer Credit Facility funded by Swedish Export Credit Corporation worth US$11.7 million.
Hasnul said prior to the completion of rights issue process, Excelcomindo in quarter IV/2009 has speeded up the debt payment of US$100 million to HSBC worth US$50 million and Standard Chartered Bank US$50 million.
Besides, the company buys back some of the bonds worth US$64.6 million and thus the remaining floating bonds worth US$59.4 million
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