JAKARTA, Oct 17 (Reuters) - Indonesia’s telecommunication service provider PT Smartfren Telecom Tbk:
* Says it plans to raise capital through private placement by selling mandatory convertible bonds worth 15 trillion rupiah ($1.11 billion), pending shareholders’ approval Source text: Further company coverage: ($1 = 13,505 rupiah) (Reporting by Gayatri Suroyo)
Found this on a Rueters web site, wandered if they actually raised the cash. Also read that Smartfren have 12 million subscribers and are trying hard to increase that base, maybe TV2 will be the catalyst.
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