Articles tagged with: Xl and Etisalat

Indonesia's XL Cancels Towers Sale

Indonesian operator, PT Excelcomindo Pratama (xl) has cancelled plans to sell its portfolio of 7,000 towers and will use tap its shareholders in a rights issue to raise funds for its network expansion. The company said in a filing with the local stock exchange that the interested bidders were not willing to pay an acceptable price for the towers.  more

Related Tags: capex, pt-excelcomindo-pratama, excelcomindo, towers, Indonesia

Indonesia's XL Cuts its Subscriber Forecasts

Indonesia's PT Excelcomindo Pratama (xl) has warned that it may miss its subscriber target for this year due to the ongoing economic downturn. The company had a subscriber target of 27-28 million customers, but has lowered expectations to 25-27 million.  more

Related Tags: capex, pt-excelcomindo-pratama, excelcomindo, Indonesia