JAKARTA - PT Bank KB Indonesia Tbk (KB Bank) announced the provision of structured financing support to PT Solusi Sinergi Digital Tbk (Surge) through its subsidiary PT Telemedia Komunikasi Pratama (TKP) to support the initial phase of the implementation of Surge's 5G Fixed Wireless Access (FWA) network on the 1.4GHz spectrum.
Financing support is provided in the form of non-cash loan facilities in the form of Letter of Credit (L/C) and/or Domestic Documented Credit Letter (SKBDN) in Indonesian currency. This facility will be used to support the procurement of devices and initial implementation needs of the affordable internet project Surge known as IRA - People's Internet.
This collaboration reflects KB Bank's commitment to supporting infrastructure and technology sectors that provide broad economic and social impacts. Affordable internet access is one of the main foundations in encouraging digital inclusion, increasing productivity, and more equitable economic growth in Indonesia. Through the provision of structured trade finance facilities, KB Bank supports the efficiency of procurement processes and more disciplined capital management in the early stages of project implementation.
Kunardy Darma Lie, President Director of KB Bank, said KB Bank is committed to supporting initiatives that make a real contribution to strengthening the national digital ecosystem.
"The provision of non-cash facilities in the form of L/C and SKBDN is part of our support for scalable infrastructure projects such as the implementation of 5G FWA Surge. We believe that expanding affordable fixed broadband access will increase economic participation and national competitiveness," he said in a written statement, Saturday, February 14.
Shannedy Ong, Director of PT Solusi Sinergi Digital Tbk and President Director of PT Telemedia Komunikasi Pratama added, the People's Internet is designed to provide high-quality fixed broadband services at affordable prices for the Indonesian people.
"By utilizing 5G FWA technology on the 1.4GHz spectrum, we can implement it more efficiently and optimize the cost structure of the infrastructure. The structured financing support from KB Bank strengthens procurement efficiency and accelerates execution in the early stages of implementation," he explained.
Affordable Internet Acceleration through 5G FWA Technology The 5G FWA 1.4GHz Surge network is designed to provide scalable internet access, especially in densely populated areas and areas that require more efficient implementation solutions.
Compared to conventional fixed-line infrastructure, FWA technology allows for faster and more efficient implementation in terms of time to market, thus supporting the long-term goal of expanding affordable national connectivity.
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