NEWS & EVENTS

 

PT Profesional Telekomunikasi Indonesia Announces the Signing of an Up To IDR 2,000,000,000,000 Loan Facility Agreement With 7 Year Tenor To Fund Future Tower Growth

Jakarta, December 27, 2011 | Source: Company

PT Profesional Telekomunikasi Indonesia ("Protelindo"), a 99.9994% owned subsidiary of PT Sarana Menara Nusantara Tbk. (IDX: TOWR), has received a loan facility in the amount of up to IDR 2,000,000,000,000 from PT Bank Negara Indonesia (Persero) Tbk. ("BNI") pursuant to a Facility Agreement signed on December 23, 2011 (the "Loan Facility"). Protelindo intends to use the proceeds of the Loan Facility to build and acquire telecommunication towers and related assets and to acquire ownership interests in tower companies.

"We are excited about this opportunity to strengthen our balance sheet by accessing the local Rupiah loan market at very attractive rates, especially given the intensive capital requirements of the tower industry," stated Adam Gifari, President Director of Protelindo. "We greatly appreciate BNI's continued support of our business and enhancing our ability to capture future growth in the Indonesian telecom tower market."

About Protelindo

Protelindo is the largest independent owner and operator of telecommunication towers in Indonesia, with 5,982 towers as of 30 September 2011. Protelindo is engaged in the business of operating, building and leasing telecommunication towers and repeater stations to all major wireless operators in Indonesia. Protelindo is owned by PT Sarana Menara Nusantara Tbk, a publicly listed company on the Indonesian Stock Exchange under the symbol "TOWR".

This announcement has been made in the framework of the compliance with the Bapepam - LK Rule No. X.K.1. on Disclosure of Information that must be made to the public immediately.

Cautionary Statement
This announcement contains "forward-looking statements" that involve a number of risks and uncertainties. Words such as "expect," "project," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. You should be aware that certain factors may affect us in the future and could cause actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. We assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.