First Media signed $ 32 Million Credit Facility
Credit & Loan May 30th, 2010
JAKARTA – PT First Media Tbk (KBLV) signed a credit facility agreement with Falcon Private Bank Ltd Singapore branch of the maximum worth of $ 32 million on January 22 yesterday.
Corporate Secretary expressed KBLV Harianda Noerlan in his report on information disclosure Indonesia Stock Exchange (BEI) in Jakarta, Tuesday (26/1/2010), from these figures, some $ 27 million is a roll-over from the previous facility.
As information, the company formerly known as PT Broadband Multimedia Tbk is a public company listed on the Indonesia Stock Exchange. First Media provide broadband Internet services, cable television, and data communications, which as a whole was introduced as “Triple Play”. Network covering Greater Jakarta, Surabaya and Bali.
The Company is a subsidiary of Lippo Group. First Media also holds full ownership of the shares of PT Prima Mitra Ayunda which controls 80 percent stake in PT Direct Vision, a company that operates the satellite TV service Astro Nusantara. Astro Nusantara himself no longer in operation since October 20, 2008.
First Media currently has approximately 180 thousand Internet subscribers and approximately 130 thousand subscribers television. Fiber-optic network First Media has 2597 kilometers long, which spread in Greater Jakarta, Surabaya and Bali. Company targeting one million home networks will reach them before the beginning of 2009
