INSIDER HEADLINE: Indonesia’s Centrin Online lends telco unit IDR238 bln –Report
March 13 (The Insider Stories) — Internet service provider PT Centrin Online Tbk (CENT) extended a loan worth 238 billion rupiah to affiliate PT Retower Asia, a telecommunications infrastructure company, to help finance tower maintenance and expand its business, Investor Daily reported Wednesday.
The loan has a tenor of 10 years and pays an interest rate of 5.75%.
Retower operates 41 towers and recorded 72 subscribers as of October 2012. Centrin owns 100% of Retower.
Northstar Pacific, through Clover Universal Enterprise Ltd., is the biggest shareholder at Centrin, with around 38.08%. UBS AG Singapore-Non Treaty Omnibus controls around 5% while the remaining 56.56% of Centrin is publicly listed.
