Recent News:

China-ASEAN Fund (CAF) Invests in Indonesian Telecom Tower Operator

Beijing, Hong Kong, and Jakarta, 22 May, 2014: China – ASEAN Investment Cooperation Fund (CAF, “the Fund”) completed an investment in a leading telecom tower operator in Indonesia in May 2014. The investment was made to support the company’s business expansion with further construction and acquisition of telecom towers. The investment demonstrates the Fund’s continued efforts in cultivating its social significance by embodying the spirit of China-Indonesia Five-Year Development Program for Trade and Economic Cooperation, while facilitating Chinese enterprises and banks to achieve the “going-out” policy on technology and capital.

In the spirit of the agreement on China-Indonesia Five-Year Development Program for Trade and Economic Cooperation signed by the Chinese and Indonesian governments in October 2013, both countries have been actively pursuing bilateral cooperation in the field of telecommunication while Chinese enterprises have shown commitment to participate in the construction of the Indonesian internet and telecommunication infrastructure,especially in the less developed area beyond Java. China also pledged to share its experience of telecommunication development with the Indonesian counterpart to enhance the technological level of the telecommunication sector and to strengthen the bilateral cooperation in the industry. 

CAF supports Indonesia’s leading telecom tower operator to develop telecom infrastructure through this investment. The initiative would bridge the urban-rural gap of mobile users and support the connectivity amongst mobile users in the country. The investment project will also enhance the technological upgrade of Indonesia’s telecom infrastructure construction, in which telecom towers are the key infrastructure of 3G and 4G network national coverage. The extension and utilization of these infrastructures will greatly improve the application of 3G and 4G technologies among middle-to-low income population in Indonesia, allowing for the delivery of more advanced, speedy and convenient communication for the Indonesian public. Through this investment, CAF will assume a bridging role to facilitate the technical and capital export of Chinese enterprises. The Fund is currently expediting business cooperation between China’s leading telecommunication technology service providers and the investee company. Additionally, CAF will relentlessly introduce Chinese banks to provide capital and export credit facilities.

This investment project is CAF’s second investment in Indonesia and the tenth in the ASEAN region.

About CAF
The China-ASEAN Fund (CAF) is a US Dollars denominated offshore equity fund approved by the State Council of the Peoples Republic of China and the National Development and Reform Commission. The establishment of the fund is sponsored by the Export-Import Bank of China together with other prominent Chinese and international institutional investors. CAF focuses on investment opportunities in infrastructure, energy and natural resources sectors in order to facilitate sustainable economic growth in the ASEAN, and serves as the pioneer to promote the “South-South Cooperation” between China and the emerging markets, and facilitates the “Going Out” strategy for the Chinese enterprises. The current size for the phase I of the fund is US$ 1 billion and the ultimate target is US$ 10 billion. For more information, visit

For further enquiries, please contact:
Bei Xu Phone:+852 6297 5019

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