Wednesday, 14 March 2012

Axiata’s Indonesian unit sees subscriber base growing 10%

KUALA LUMPUR (March 14) : Axiata Group Bhd’s Indonesian unit PT XL Axiata Tbk is expected to register a 10% growth in its subscriber base to 51 million this year from 46.4 million in 2011, according to wire reports quoting XL Axiata’s president director Hasnul Suhaimi in Jakarta.

Hasnul was also quoted as saying on Wednesday that XL Axiata plans to spend as much as eight trillion rupiah (1 rupiah = RM0.033) as capital expenditure this year. He also said the company expects to secure a loan from Bank Mandiri to refinance 1.5 trillion worth of debt which is due next month, according to the report.

Shares of parent company Axiata Group rose three sen to RM5.09.

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