Bakrie Telecom Budgeted Capex Rp2 Trillion

PT Bakrie Telecom Tbk budgeted capital expenditure (capital expenditure / capex) amounted to Rp2 trillion for 2011. Funds are used to strengthen the corporate telecommunications networks in 82 cities.

Director of Bakrie Telecom, Anindya Bakrie, explained during the last four years amounting to Rp2 trillion in capital spending. “The average of Rp2 trillion per year. So, the next about that much,” said Anindya at Blitz Megaplex, Pacific Place, Jakarta, Thursday, November 5, 2010.

According to Anindya, the majority of capex is used to expand and improve the network in 82 cities across Indonesia. Currently, the company has a 3900 base transceiver stations (BTS) and will further strengthen the signal network in the area.

Anindya elicit, fund capex largely drawn from internal cash amounting to Rp1, 3 trillion. The remaining bank loan funds. Bakrie Telecom managed to get a commitment from foreign banks in China, ICBC U.S. $ 300 million. “The loan from ICBC for working capital, new this year is low,” he said.

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