PT Inti Bangun Sejahtera Tbk (IBST) this year allocated capital expenditure (Capex) of Rp2.5 trillion to finance working capital.

IBST Corporate Secretary Merciana Anggani said that the realization of Capex until the first quarter of 2021 reached Rp133 billion.

"The company's business plan focuses on the tower and fiber optic growth strategy, both organically and inorganically. While the sources of funding for capital expenditures are mostly from internal cash and bank loans," he said in Jakarta on Thursday (22/7).

Furthermore, the company targets this year's revenue of around Rp900 billion and profit of around Rp72 billion.

This target is realized through a number of strategies, such as focusing on stakeholder satisfaction, reliable organization, and product diversification.