Surge seeks $300 million private debt for fixed wireless access rollout

1 articles · Updated · Bloomberg · Apr 29

Indonesian telco PT Solusi Sinergi Digital Tbk, known as Surge, shifts to private senior secured notes after shelving public bond plans due to weak investor interest.
The $300 million raised will partially fund Surge’s fixed wireless access facility, with remaining costs covered by existing cash reserves.
This move reflects changing financing strategies among Indonesian telecoms as market conditions challenge traditional public bond offerings.

What risks are private lenders ignoring in Surge's $300M bet on ultra-low-cost internet?

How will the world's first 1.4GHz 5G network change Indonesia's digital landscape?

Why are Asian tech firms now choosing secretive private credit over traditional public bonds?

Is private credit a sustainable model for funding critical infrastructure in emerging markets?

Can Surge's network really deliver 100 Mbps speeds for just $6 a month to millions?