Solusi Tunas Pratama (STP), a telecommunication tower operator, is mulling over the refinancing of its outstanding debt worth Rp 1.08 trillion. In addition, the company plans to take out a fresh loan of $258 million to acquire more towers and supporting assets to expand its business. The loan that will be jointly extended by Standard Chartered and DBS Bank will mature in five years. Part of the loan proceeds will be utilised to pare outstanding dues, with the remainder to be used for meeting the firm’s working capital requirements.
