Mobile network operator (MNO) XL Axiata announced last Friday (2 February) that it has set aside more than USD500 million for capital expenditure projects this year, including setting aside a portion to invest in a new triple-play – broadband internet, pay-TV and voice telephony – service as it looks to fresh revenue streams to generate future income amid increasing saturation in its core mobile business. The MNO plans to invest the monies in stages over the next five years, and has yet to decide whether to fund the programme from internal resources or by going to the bond markets. The investment will also be used to build out new broadband networks, with IDR7 trillion (USD520 million) ringfenced for its 2018 CAPEX, around 90% of which will be spent on strengthening its infrastructure and IT division. The rest will be allocated to kick start the new pay-TV business in the second quarter of 2018, it said. ‘We’re looking at several options for our new pay-TV business, partnering with other pay-TV companies or acquiring them,’ XL Axiata president director Dian Siswarini told reporters at a media briefing. ‘We’ll use a small percentage of our CAPEX to launch our new pay-TV [offer]. We will gradually expand it in the next five years,’ Dian added. The Jakarta Globe says that XL Axiata is also open to the option of a merger or acquiring smaller telcos to strengthen its mobile network business amid a fierce price war among domestic MNOs that started in 2010 and has if anything, intensified.