Dayamitra changes name

JAKARTA (JP): Telecommunications company PT Dayamitra Malindo announced yesterday the company's name has been changed to PT Dayamitra Telekomunikasi, and launched the trading name Cable & Wireless Mitratel.

The consortium that manages the revenue-sharing contract concession in Kalimantan, also announced it received a US$155 million syndicated loan involving ABN Amro, ING Bank, Sanwa Bank and the Commonwealth Development Corporation.

Under the revenue-sharing contract scheme in Kalimantan, the company is required to install 237,000 lines on the island by March 1999 and achieve world-class operational standards. (das)