ID :
12030
Thu, 07/10/2008 - 13:21
Auther :
Shortlink :
http://m.oananews.org//node/12030
The shortlink copeid
PEFINDO REAFFIRMS "idA-" RATING FOR BAKRIE TELECOM
Jakarta, July 10 (ANTARA) - Indonesia's credit rating agency Pemeringkat Efek Indonesia (Pefindo) has reaffirmed its "idA-" rating for PT Bakrie Telecom Tbk (BTEL) and the private telecommunication company's Rp650 billion bonds I/2007 with a stable outlook.
The ratings reflected a profitable wireless business sector and potential business growth, according to Pefindo in its press statement here on Thursday.
However, the ratings were constrained by profitability margin downward, a tight industrial competition, and the EBITDA growth which was slower than debts, it said.
BTEL was established in 1993 under the name of PT Radio Telepon Indonesia (Ratelindo). Ten years later, the company's name was changed into PT Bakrie Telecom with 'Esia' as its brand name.
The company was one of the license holders of fixed wireless services with a limited mobility. In delivering its telecommunication services, BTEL used a technology of CDMA 2000 1x at the frequency of 800 mHz.
After the company had gotten a national-coverage license, BTEL has expanded its businesses to Banten, West Java, Sumatra, Bali, and Sulawesi, in addition to Jakarta, according to Pefindo.
As Per March 31, 2008, BTEL shareholders were PT Bakrie & Brothers Tbk. (49.13 percent), PT Bakrie Communications (2.09 percent), Richweb Investments Ltd. (1.37 percent), CMA Fund Management Ltd. (0,08 percent) and the public (47.33 percent).
The ratings reflected a profitable wireless business sector and potential business growth, according to Pefindo in its press statement here on Thursday.
However, the ratings were constrained by profitability margin downward, a tight industrial competition, and the EBITDA growth which was slower than debts, it said.
BTEL was established in 1993 under the name of PT Radio Telepon Indonesia (Ratelindo). Ten years later, the company's name was changed into PT Bakrie Telecom with 'Esia' as its brand name.
The company was one of the license holders of fixed wireless services with a limited mobility. In delivering its telecommunication services, BTEL used a technology of CDMA 2000 1x at the frequency of 800 mHz.
After the company had gotten a national-coverage license, BTEL has expanded its businesses to Banten, West Java, Sumatra, Bali, and Sulawesi, in addition to Jakarta, according to Pefindo.
As Per March 31, 2008, BTEL shareholders were PT Bakrie & Brothers Tbk. (49.13 percent), PT Bakrie Communications (2.09 percent), Richweb Investments Ltd. (1.37 percent), CMA Fund Management Ltd. (0,08 percent) and the public (47.33 percent).
