Telecoms news from Indonesia
The Indonesian government has approved XL Axiata's takeover bid of its smaller rival, Axis Telekom. ...more.
Indonesia's Telekomunikasi (Telkom) has refuted reports that it is planning a stock market listing for its mobile network subsidiary, Telkomsel. ...more.
Fitch said that the ratings were downgraded after BTEL did not pay a USD21.8m coupon on its USD380m senior unsecured bond that was due on 7 November 2013. ...more.
Indonesia's XL Axiata expects to complete the current phase of its mobile network expansion and a fibre optic deployment by this December. ...more.
Indonesian mobile network operator, Indosat has expanded its 3G network by refarming some of its existing 900Mhz spectrum. ...more.
Fitch believes that the benefits of the acquisition, at an enterprise value of USD865m, more than offset the additional debt burden. ...more.
Axiata Group's Indonesian subsidiary, XL Axiata has announced a conditional agreement to buy a smaller rival mobile network, Axis Telekom. ...more.
Saudi Arabia based Saudi Telecom Company (STC) is reported to have resolved a dispute with lenders to an Indonesian subsidiary over repayment terms. ...more.
Indonesia's XL Axiata has secured US$190 million worth of fresh bank loans which it will use for general corporate purposes. ...more.
Fitch Ratings says Indonesian telcos' credit profiles will largely remain unaffected by a weakening Indonesian rupiah, which depreciated 10% between February and August 2013. ...more.
Saudi Arabia's Saudi Telecom Company (STC) has issued a brief notice clarifying details about its attempt to sell its Indonesian subsidiary. ...more.
Saudi Telecom (STC) is seeking to refinance a loan that it secured on behalf of its Indonesian subsidiary, but the move would see the lenders facing losses of around US$600 million. ...more.
The Indonesian tower operator, Protelindo has secured a US$50 million investment from the International Finance Corporation (IFC), an investment arm of the World bank to improve mobile coverage in the country. ...more.
Indosat recorded revenue growth of 14.2% year-on-year (YoY) in 1H2013, which is above its industry peers, driven by 10.9% YoY growth in mobile subscribers and 3% YoY rise in average revenue per user, ...more.
Indonesian tower network operator, Tower Bersama Infrastructure (TBIG) has reported that it's first half revenues nearly doubled to Rp1,271 billion, while EBITDA more than doubled to Rp1,041 billion. ...more.
Indonesia's XL Axiata has been granted permission to buy smaller rival network, Axis Telecom in a deal that will see it boost its radio spectrum assets in a market where they are increasingly scarce. ...more.
Saudi Arabia's Saudi Telecom Company (STC) has confirmed that it has entered into negotiations to sell its subsidiary in Indonesia Axis Telekom after failing to generate the returns it had expected from the company. ...more.
The Indonesian tower operator, Solusi Tunas Pratama plans to refinance its US$107 million worth of debt that is due to be repaid this year, and will raise borrowing by US$250 million to fund its expansion plans. ...more.
Indonesia's Indosat is to file an appeal against a verdict that a subsidiary company had made illegal use of radio spectrum that belonged to the parent company for its exclusive use. ...more.
Fitch said that Tower Bersama Infrastructure's (TBI) credit strengths are its ability to generate predictable cash flows, strong counterparty tenant mix and a high operating EBITDAR margin (Q113: 82%). ...more.