Andronexus.blogspot.com, Bandung - SOEs in Bandung, PT Len Industri funding of Rp 875 billion to finance the Palapa Ring fiber optic cable Central Package.
This funding is obtained through a syndicated financing agreement signed by its subsidiary, PT Len Telekomunikasi Indonesia (PT LTI) along Syndicated Lenders in Jakarta, Monday (08/29/2016) then.
Signing conducted by the Director of PT LTI, Pantja Gelora with representatives of the board of directors of BNI, Indonesia Infrastructure Finance and PT Sarana Multi Infrastructure.
event was also witnessed by the Minister of the Ministry of Communications and Information Technology, Rudiantara, Managing Director Len Industries, Zakky Gamal Yasin, BP3TI, Indonesia Infrastructure Guarantee Fund, as well as members of the Consortium Five Pandavas.
At the Palapa Ring Package package Central, fiber-optic cable will be built along 2,700 kilometers with a coverage area of, among others, Kalimantan, Sulawesi, and North Maluku (up to Kep. Sangihe-Talaud).
Syaifudin, Corporate Secretary Len Industri said that the current PT LTI is implementing a financing compliance ( financial close ) as a condition of commencement of construction. Yesterday agreement is part of financial close them.
"The entry of PT Len Industri in this project in order to strengthen its position in the business ICT (Information Communication Technology. Ed.) This project will open up business opportunities in the field of ICT more by utilizing the bandwidth of 20 Mbps on the side end-user , "he met a team of Tekno Andronexus.blogspot.com in Bandung.PT LTI which is 51 percent owned by PT Len Industri Implementing a Business Entity (BUP) formed consortium as the preferred bidder Five Pandavas Palapa Ring Project Central Package.
The remaining shares are owned by PT Global Technology Research Investama (34%), PT Sufia Technologies (5%), PT Bina Nusantara Perkasa (5%), and PT Multi Kontrol Nusantara (5%).
Central Discount Palapa Ring project is a project of Cooperation between the Government Enterprises (KPBU) first in the telecommunications sector by implementing a payment scheme availability payment (AP) amounting to Rp 4 trillion.
Payments are made periodically during the concession period of 15 years is guaranteed for repayment by the government through PT PII.
According to him, after the signing of this contract effective date will be set in early September 2016 so that it can be done groundbreaking and commencement of construction work.
"The job development Systems Optical Fiber Communication (SKSO), Systems communication Cables (SKKL) and microwave in parallel is scheduled for completion in the next 18 months, which ended with the enactment date of the operational commercial, "said Syaifudin.
PT LTI through schemes AP initiated by the Ministry of Finance will raise funds sourced from the fund Contributions Universal Service Obligation (USO) and regulated in minister of Finance Regulation 190 / PMK.08 / 2015.
Kemkominfo targeting the entire Palapa Ring project will be completed in 2018 with a tolerance period until 2019 with aim to improve equitable access to telecommunications throughout Indonesia.
(Msu / Cas)
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