PT SmartFren Telecom (FREN) Tbk, the remaining CDMA-based operator with substantial operations in Indonesia, booked net loss of Rp551.4 billion in the first quarter of 2015, against net profit of Rp222 million in the corresponding period of 2014. This cuts further FREN’s equity, while liabilities ballooned to Rp14.14 trillion.To subscribe please click here