Indonesia-based telecom operator PT Indosat has appointed ING Bank NV and DBS Bank as lead arrangers and underwriters of a syn dicated loan facility worth $200 million, with an option to increase the facility to $300 million.

Indonesia-based telecom operator PT Indosat has appointed ING Bank NV and DBS Bank as lead arrangers and underwriters of a syndicated loan facility worth $200 million, with an option to increase the facility to $300 million. Indosat plans to use the loan proceeds to finance its capital expenditure programme projected to reach $1.2 billion in 2008, and for working capital.