Sample Stories for Troubled Company Reporter - Asia Pacific

TELKOMSEL: Gets Three-year IDR3-Trillion Loan From Bank Mandiri

Troubled Company Reporter, June 13, 2007 

PT Telekomunikasi Selular Indonesia will be provided a three-year IDR3
trillion loan by PT Bank Mandiri and two local banks, PT Bank Central Asia and PT Bank Negara Indonesia, Bloomberg News reports, citing  Agus
Martowardojo, president director of Mandiri.

According to the report, Mr. Martowardojo told reporters that they hope to sign the agreement next week.

                        About Telkomsel

PT Telekomunikasi Selular Indonesia -- -- is the leading operator of cellular telecommunications services in Indonesia by market share.  By the end of June 2006, Telkomsel had close to 29.3 million customers, which, based on industry statistics, represented a market share of more than 50%.

Telkomsel provides GSM cellular services in Indonesia, through its own
nationwide Dual band 900/1800 MHz GSM network, an internationally, through 259 international roaming partner in 53 countries as of June 2006.  The company provides its subscribers with the choice between two prepaid cards-simPATI and kartuAs of a pre-paid simPATI service, or the post-paid kartuHALO service, as well as a variety of value-added services and programs.

Fitch Ratings, in August 2006, upgraded PT Telekomunikasi Selular's long-term foreign currency issuer default rating to 'BB' from 'BB-'.

About the InterNet Bankruptcy 
LibraryLearn more about TCR - AP
About the InterNet Bankruptcy 
LibrarySubscribe to the Troubled Company Reporter -- Asia Pacific