{
    "success": true,
    "data": {
        "id": 1533188,
        "msgid": "ratelindo-to-spend-500m-on-phone-lines-1447893297",
        "date": "1997-01-22 00:00:00",
        "title": "Ratelindo to spend $500m on phone lines",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Ratelindo to spend $500m on phone lines JAKARTA (JP): The telecommunications company PT Ratelindo, a subsidiary of PT Bakrie & Brothers, plans to spend US$500 million increasing its line capacity to 500,000 fixed telephone lines by 1999, Ratelindo's senior vice president said yesterday. Nalin Rathaod said the company installed 75,000 fixed telephone lines in Jakarta in 1996 and expected to install another 100,000 lines in 1997. He said that U.S.",
        "content": "<p>Ratelindo to spend $500m on phone lines<\/p>\n<p>JAKARTA (JP): The telecommunications company PT Ratelindo, a<br>\nsubsidiary of PT Bakrie &amp; Brothers, plans to spend US$500 million<br>\nincreasing its line capacity to 500,000 fixed telephone lines by<br>\n1999, Ratelindo's senior vice president said yesterday.<\/p>\n<p>Nalin Rathaod said the company installed 75,000 fixed<br>\ntelephone lines in Jakarta in 1996 and expected to install<br>\nanother 100,000 lines in 1997.<\/p>\n<p>He said that U.S. Exim Bank and Chase Manhattan bank would<br>\nprovide the $500 million for the project.<\/p>\n<p>Ratelindo plans to expand its coverage to West Java in the<br>\nnext few years.<\/p>\n<p>He said the firm spent around $500 installing one telephone<br>\nline compared to PT Telkom's cost of $1,400 a line.<\/p>\n<p>Bakrie &amp; Brothers which has telecommunications, infrastructure<br>\nsupport, plantation and strategic investment businesses expects<br>\nto record a net profit of Rp 190 billion for 1996. Its net profit<br>\nis projected to reach Rp 235 billion for 1997 and Rp 300 billion<br>\nfor 1998.<\/p>\n<p>He said the firm's total revenue was projected to reach Rp 1.3<br>\ntrillion for 1996, Rp 3 trillion for 1997 and Rp 5.3 trillion for<br>\n1998.<\/p>\n<p>He said that around 40 percent of last year's profit was<br>\nderived from infrastructure-related business, 35 percent from<br>\ntelecommunications, 20 percent from plantations and 5 percent<br>\nfrom strategic investments. (09)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ratelindo-to-spend-500m-on-phone-lines-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}