BALI to receive loans for capital expenditure
JAKARTA – PT Bali Towerindo Sentra Tbk (BALI), a telecommunication tower operator, secures an additional credit facility, capped at IDR 50 billion, from PT Bank Victoria Tbk (BVIC).
Lily Hidayat, Vice President Director of BALI, claimed that said facility will be utilised to cover its capital expenditure and refinance its base transceiver station (BTS) towers and micro cell poles (MCP).
“Said loan facility will reinforce the company’s operational activities, and thus enhancing business sustainability,” Hidayat stated in the information disclosure quoted today (14/9).
The facility agreement was signed last week (9/9) with a guarantee of towers of BALI. The loan term will last 36 months after the agreement is signed by both involved parties.
The company is said to establish another 70 units of MCP, allocating the capital expenditure of IDR 500 billion.
Until March 2022, BALI’s total existing towers were 2,644 units, comprising 280 units of macro (on air) poles and 2,364 units of MCP (on air and RFS). They excluded ready-for-integration (RFS) MCP, which clocked up to 1,071 poles. (LK/ZH)