XL Axiata secures USD100m loan for network enhancements

5 Aug 2013

Indonesian mobile network operator XL Axiata has taken a USD100 million loan from Standard Chartered Bank to help fund its ongoing network upgrade programme. In a statement published last Friday, XL corporate secretary Murni Nurdini said that the loan facility matures in three years and ‘does not require collateral’.

The cellco’s 2013 CAPEX is intended to improve and boost the capacity and utilisation of its network infrastructure across the country, which at 30 June this year comprised 41,293 base transceiver station (BTS). In H1 2013 XL Axiata invested IDR4 trillion (USD390 million) in its networks and services, upgrading over 4,000 BTS in the process.

Indonesia, XL Axiata