Indonesia’s PT Telekomunikasi Indonesia (Telkom) is planning to Iissue up to $310 million in local bonds to increase its capital expen diture to $2 billion by the second quarter of 2010.

Indonesia’s PT Telekomunikasi Indonesia (Telkom) is planning to issue up to $310 million in local bonds to increase its capital expenditure to $2 billion by the second quarter of 2010. The operator is planning to utilise the proceeds to support the company’s net profit growth target of over 5 per cent for 2010.