Ratelindo invests $36 million

Ratelindo invests $36 million

JAKARTA : PT Ratelindo, a subsidiary of PT Bakrie & Brothers Tbk,
said that the company had invested some US$36 million to expand
its telecommunications network.

Virano Nasution, a director of Ratelindo, said in his
statement said that the money was used to finance the
installation of 150,000 new telephone lines in the Jakarta, West
Java and Banten areas.

He said that the new lines were expected to start operating in
the third quarter of this year.

"We now have 135,000 subscribers in the Jakarta area," Virano
said.

The company has set itself the target of installing 1.8
million new lines in the three areas with the total investment
expected to amount to $400 million. --JP