17 September 2020 14:30

JAKARTA. PT Profesional Telekomunikasi Indonesia (Protelindo) and PT Iforte Solusi Infotek (Iforte) have renewed their loan facility agreement with MUFG Bank Ltd., which was made in February 2017.

For information, Protelindo is a company whose 99.99% shares are owned by PT Sarana Menara Nusantara Tbk (TOWR). Meanwhile, Iforte is a subsidiary of Protelindo.

After the renewal, the maximum value of loan facility that Protelindo and Iforte can use is Rp 500 billion. "The purpose of the amendment is to support the working capital and / or general goals of Protelindo and Iforte," said Ghazali.

The loan facility agreement is valid until 28 February 28, 2020 (ta. Furthermore, Protelindo and Iforte have joint and several liabilities in repaying the loan.

According to idnfinancials.com data, TOWR still had cash of IDR 1.37 trillion at the end of June 2020 yesterday. The amount of TOWR cash in this period was almost 2 times from the end of 2019, which was IDR 593.77 billion. (KR)

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