XL cancels plans to sell towers

2 Apr 2012

Indonesian cellco XL Axiata is scrapping plans to sell its tower assets following a lack of interest, reports The Borneo Post. The operator announced in November that it wanted to sell approximately 7,000 towers with the aim of raising around USD1.5 billion. XL had originally proposed the sale of its towers in 2008, but the deal was called off due to the global financial crisis. According to TeleGeography’s GlobalComms Database, XL is the third largest wireless operator in Indonesia, claiming a subscriber market share of 18.6% at the end of 2011.

Indonesia, XL Axiata