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Wednesday, February 09, 2011

FREN invests Rp 1t to build more towers

The Jakarta Post, Jakarta | Wed, 02/09/2011

Telecommunications firm PT Mobile-8 Telecom (FREN) is allocating Rp 1 trillion (US$110 million) to build 2,000 more towers as part of its expansion program.

“We want to double our base transceiver stations [BTS],” FREN president director Merza Fachys said Wednesday, as quoted by kontan.co.id.

FREN was recently able to raise Rp 3.7 trillion from a rights issue.

Currently, FREN has between 1,500 and 2,000 BTS.

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