Tiphone plans debt restructuring after loan default

By Pan Yue
03 Jun 2020

Indonesian telecommunications company Tiphone Mobile is restructuring its debt after failing to make payments on an offshore borrowing in March.

The mobile parts seller has hired a financial adviser to come up with a restructuring plan, according to three bankers who participated in the loan. The adviser, whose name was not disclosed, is still in the process of investigating the situation, and is expected to provide a plan ...

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