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Buyer's Credit for PT. Telekomunikasi Indonesia Tbk
Supporting Japanese Export of High Efficiency Telecommunications Infrastructure to Asia

  • Region: Asia
  • Machinery and Equipment
  • Export Loans
NR/2012-158
March 29, 2013
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on March 28, a buyer's credit (export loan) agreement totaling up to 18.81 million U.S. dollars (JBIC portion) with PT. Telekomunikasi Indonesia Tbk (TELKOM) in the Republic of Indonesia. The loan is cofinanced*1 with Mizuho Corporate Bank, Ltd. (MHCB), which brings the overall cofinancing amount to 31.35 million U.S. dollars.
     
  2. The loan is intended to provide PT. Telekomunikasi Indonesia International (Telin), a wholly owned subsidiary managing international projects of TELKOM, the largest telecommunication carriers in Indonesia, with the fund for financing Telin's portion of a project that installs an international submarine cable system, as a member of the consortium of 10 major telecommunication carriers from countries.*2 The submarine optical fiber cable and related communication machinery and equipment to be used in the project will be manufactured by NEC Corporation and other Japanese companies with the most advanced world class technologies in terms of transmission capacity, connectivity and expandability.
     
  3. The project will require approximately 400 million U.S. dollars to install about 8,900km of the submarine optical fiber cable system directly connecting Japan and Singapore with branching connection to China, Hong Kong, the Philippines and Brunei. This system will be connected to the existing transpacific cable system (about 9,600km) between Japan and U.S.A. at Chikura-cho, Minamiboso City, Chiba Prefecture and also to the existing submarine cable system between Indonesia and Singapore. As a result, this will complete the large submarine cable system from Indonesia to U.S.A. via other Southeast Asian countries.     
     
  4. In recent years, the demand for telecommunication network services is growing rapidly in Indonesia and its neighboring countries, driven by spreading popularization of the Internet and enlargement of inter-company communication volume with recent robust economic growth, and especially it has become the urgent matter to develop the international telecommunication network infrastructure between Japan and Southeast Asian countries. This loan will contribute to invigorating Indonesia's and its neighboring countries' economic activities by expanding and improving communication infrastructure network in the Asia Pacific region.
     
  5. JBIC will continue to support Japanese companies' overseas business deployment and export of Japanese infrastructure system to Indonesia and its neighboring countries, by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function.
Note
  1. *1 Nippon Export and Investment Insurance (NEXI) will provide Buyer's Credit Insurance for the portion cofinanced by MHCB.
  2. *2 JBIC signed, in March 2010, a buyer's credit agreement with TELKOM to finance the project in which to install a high-capacity submarine cable system around Kalimantan, Indonesia. See Press release on March 29, 2010.
  3.  

 

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