PT Indosat Tbk, Indonesia's second-biggest phone operator in Indonesia, hired five banks to help it sell US$500 million of bonds.
Citigroup Inc., HSBC Holdings Plc, Deutsche Bank AG, DBS Group Holdings Ltd. and Royal Bank of Scotland Group Plc are managing the sale.
Indosat recorded convincing performance in quarter I/2010 with IDR285.9 billion net profit or grew by 139 percent as from IDR119.5 billion last year.
The significant growth of profit was backed up by the soaring business revenue by 2.5 percent into IDR4.73 trillion despite the mounting business cost by 11.4 percent into IDR3.97 trillion with the growing debts by 8.6 percent into IDR24.94 trillion.
The significant growth of profit was backed up by the soaring business revenue by 2.5 percent into IDR4.73 trillion despite the mounting business cost by 11.4 percent into IDR3.97 trillion with the growing debts by 8.6 percent into IDR24.94 trillion.
In quarter I/2010 the company has bolstered the subscribers growth by 17.6 percent into 39.1 million as from 33.3 million customers in quarter I/2009.
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