INDOSAT PREPARES TO LAUNCH USD500 MILLION BOND
FT writes that Indosat, Indonesia’s second largest provider of fixed and mobile telephony, may launch a USD500 million bond this week, to be traded in Singapore, in a move to refinance and re-profile existing debt in a mobile market with annual growth of 20 percent. It is hoped increased political stability in the country will boost economic growth, and the offering is expected to test investor willingness to tackle the country’s corporate debt.
FT writes that Indosat, Indonesia’s second largest provider of fixed and mobile telephony, may launch a USD500 million bond this week, to be traded in Singapore, in a move to refinance and re-profile existing debt in a mobile market with annual growth of 20 percent. It is hoped increased political stability in the country will boost economic growth, and the offering is expected to test investor willingness to tackle the country’s corporate debt.
BACKERS HOPE FOR SONY OPTIMISM
Sony will report its full-year earnings Thursday. Aggressive restructuring by the company and strong reports from rivals have led to expectations that Sony will improve by JPY30 billion on its January forecast of an operating profit of JPY140 billion before restructuring charges and its share of the losses at joint venture Sony Ericsson, reports FT.
Sony will report its full-year earnings Thursday. Aggressive restructuring by the company and strong reports from rivals have led to expectations that Sony will improve by JPY30 billion on its January forecast of an operating profit of JPY140 billion before restructuring charges and its share of the losses at joint venture Sony Ericsson, reports FT.
BT PLANS EXPANSION OF SUPERFAST BROADBAND
BT will present its 2009-10 results Thursday, and it is expected that CEO Ian Livingston will use the opportunity to present an expansion of the company’s superfast broadband network, considered one of BT’s key assets, from a planned reach of 40 percent of households by 2013 to 66 percents.
BT will present its 2009-10 results Thursday, and it is expected that CEO Ian Livingston will use the opportunity to present an expansion of the company’s superfast broadband network, considered one of BT’s key assets, from a planned reach of 40 percent of households by 2013 to 66 percents.
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